Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
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📉 The economic downturn in China has led to widespread closures of physical stores, with various industries affected and businesses struggling to sustain operations.
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High unemployment rates and sluggish consumer spending are contributing to the wave of physical store closures in China.
Nearly 90% of the shops on entire commercial streets have shut down, and even banks are unable to sustain operations.
Every industry, including auction shops and car rental services, is struggling, with many businesses closing at the end of the year.
😔 The video shows the economic challenges faced by businesses in Shanghai, with many shops and restaurants struggling to stay open.
04:05
Businesses in Shanghai are facing tough times, with very few customers and orders, leading to many closures.
Unemployment is a big problem, and the high cost of rent is making it harder for physical businesses to survive.
The newly built Commercial Street in Shanghai is completely dead, with many shops and restaurants closed or for lease.
🏢 The video discusses the closure of traditional Chinese medicine store Tong Ren Tang and the desolate state of the World Trade Center in Beijing.
07:33
Tong Ren Tang, a century-old traditional Chinese medicine store, has closed down in Beijing.
The World Trade Center in Beijing is now desolate, with many businesses closing down, including Sephora.
The industrial landscape in Beijing has been affected by global shifts and policies, leading to the closure of many factories.
💔 The video shows the impact of the pandemic on physical stores in a mall in a third-tier city in China, with many closures and struggling businesses.
11:17
Many shops in the mall are closing and opening, with a lot of empty spaces and struggling businesses
The extreme containment measures by the Chinese Communist Party during the pandemic severely impacted physical stores, leading to successive waves of closures
China's economic recovery has been weaker than anticipated, leading to a state of deflation and affecting both small shops and big brand stores
💰 Struggles with debt and failed investments lead to financial hardship for individuals.
14:17
Borrowing money to buy a new house in a desirable school district
Losing job and struggling to make mortgage payments
Investing in a chain restaurant project, facing total loss and significant debt
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Doubts Arise Over Huawei's Autonomous Driving Technology Amidst Competition, Sanctions, and Ethical Concerns
🤔 There are doubts about Huawei's claims of having the most advanced autonomous driving technology.
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Huawei's CEO claims their autonomous driving technology is far ahead of global counterparts.
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Huawei's fan base promotes the technology, but videos are limited and repetitive.
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Huawei's autonomous driving system requires human intervention after 1,000 kilometers.
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Industry observers question the true capabilities of Huawei's technology.
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Former employee reveals autonomous driving routes were pre-canned.
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Skepticism arises regarding Huawei's ability to navigate around other vehicles.
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🚗 Autonomous driving in China faces challenges with non-compliance to traffic rules and the need for balancing traffic efficiency.
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Non-compliance with traffic rules in autonomous driving, such as crossing lanes improperly and cutting in line.
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Strict adherence to traffic rules by autonomous driving systems can hamper traffic efficiency.
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Autonomous vehicles may need to slightly break the rules to maintain traffic efficiency.
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Determining when to bend or abide by traffic rules is a challenge for AI.
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Promotional content for autonomous driving is deemed exaggerated and untrustworthy.
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Huawei's aggressive strategy in autonomous driving poses challenges for other companies in the sector.
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Huawei's relentless pressure on industry peers is acknowledged, as seen in the communication equipment market.
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💥 Huawei faces intense competition from Western tech giants and struggles with sanctions, while its rival Apple receives a warm welcome for the iPhone 15.
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Huawei launched the Mate 60 Pro to compete with the iPhone 15 but was outperformed by Apple's 3 Nom a177 chip.
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Huawei's rotating chairman admits that domestic chips are at a primary school level compared to foreign chips.
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Apple's sales in China surpass Huawei's, despite Huawei's strong online fan base.
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Huawei's Harmony OS may face challenges if it drops Android compatibility, similar to Microsoft's failed attempt with Windows phone.
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Huawei's achievement of creating 7 nanometer chips using 14 nanometer technology is seen as overhyped and may not significantly alter its fate.
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The United States will likely devise new strategies to counteract Huawei and the Chinese Communist Party.
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Huawei's work culture, known as wolf culture, is criticized for its extreme work intensity and potential negative impact on employees' well-being.
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⚠ The video criticizes Huawei's corporate culture and business strategies, claiming they prioritize profits over social responsibility and ethical standards.
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Huawei's 'wolf culture' is accused of implementing harsh competition and eliminating employees within the company.
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Chinese companies prioritize profits and market position at the expense of social responsibility and ethical standards.
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China's economic success with Huawei is questioned in terms of long-term benefits and reliance on technology from the United States.
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China's flashy propaganda and fabrication reflect a nation that fails to address core issues.
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The world is watching how the Chinese Communist Party will navigate economic challenges and its relationship with the United States.
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China should recognize the need to rely on advanced technology from the United States for economic transformation and competitiveness.
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Failure to do so and attempting to challenge the US with borrowed technology could lead to negative consequences for both China and Huawei.
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The Economic Downturn in China: Job Losses, Factory Closures, and Early Annual Leave as Businesses Face Challenges
📦 Many people in China are returning to their hometowns early due to job losses, business failures, and a decrease in orders for factories.
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Migrant workers and laid-off white-collar workers are heading back early.
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Businesses in China are experiencing a decrease in orders and excess stock.
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Factories are reducing production, ceasing operations, or shutting down.
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Companies are requesting employees to take holidays earlier than usual.
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Wool sweater companies are shutting down months before the holiday season.
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Many factories in China have no orders and are giving workers an early holiday.
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Some factories have already started their holidays.
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📉 The video discusses the current economic downturn in China, leading to layoffs and factory closures.
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Many small factories in Quinan are operating at a loss and workers are hoping for substantial severance packages.
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The Urban Village in Hangu District, Guangjo, is surrounded by factories that are struggling and laying off workers.
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The entire economy in China is depressed, with various industries struggling and construction sites being suspended.
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Migrant workers are returning home due to lack of job opportunities, unpaid wages, and funding shortages on construction sites.
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The building materials industry is also affected, with factories issuing early holiday notices and facing reduced demand and slim profits.
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The Golden World Innovation Aluminum Company announced an unusually long holiday break of almost 5 months due to reduced demand and slim profits.
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Overcapacity and insufficient market demand are causing steel plants to reduce prices and incur losses.
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📉 Multiple factories in China are facing severe losses and shutting down, resulting in job losses and economic challenges.
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Tiger Bond Hardware, a well-known Hong Kong funded enterprise, announced its closure due to severe losses and inability to sustain operations.
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Dwan Sheli Industrial Company Limited, in business for 31 years, also announced its dissolution due to operational losses and accumulating debts.
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Dongan Shao ding electrical appliances announced the complete shutdown of its molding factory due to decreased orders and operating at a loss.
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Workers in foreign and Hong Kong funded enterprises generally receive compensation according to labor laws, but workers in Chinese funded enterprises often do not receive compensation and face wage rear.
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Hshinga textile company, a leading cotton spinning enterprise, applied for restructuring due to its inability to clear debts and owed wages for 7 months.
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Many textile factories in Sha county have closed, leading people to seek work in other regions.
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💼 The economic downturn in China is affecting businesses, government agencies, and public institutions, leading to closures, unpaid wages, and financial challenges.
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Many restaurant owners in the catering industry have lost their initial investments and are unable to pay their employees.
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Government agencies and public institutions, including the transportation bureau, are also facing dire financial challenges and unpaid wages.
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Civil servants in Jiangsu province are struggling to receive salaries, prompting the government to encourage them to start their own businesses.
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China's economy, particularly the export sector, is showing signs of sluggish growth with a decline in exports for the sixth consecutive month.
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The decline in exports is directly impacting employment and has led to some foreign trade enterprises being on holiday due to lack of orders.
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😔 Due to a lack of orders, a factory in Shenzhen extended its holiday for employees until February 2024, indicating ongoing losses and struggles for businesses in China's economy.
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The factory extended its holiday for employees until February 2024.
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Some workers were reassigned while others were given holidays due to lack of orders.
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The number of factories in Shenzhen is decreasing and it is becoming difficult to operate.
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China experienced a deficit in foreign direct investment during the third quarter.
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Western countries adopting de-risking measures against China may be related to the deficit.
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China's economy is perceived to be deteriorating with declining exports and a real estate debt crisis.
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Consumers lack confidence and are reluctant to spend, leading to a gloomy outlook for China's economy.
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🍱 The Chinese Communist party's push to introduce prepared meals in schools has sparked widespread discontent among parents, leading to protests and opposition.
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Parents are physically taking meals to schools as a form of protest.
Some schools have kept their main gates closed during lunchtime, forcing parents to hand over meals over the fence.
There have been reports of parents resigning from their jobs to ensure the daily delivery of meals to schools.
🍽 Concerns have been raised about the quality and safety of prepared meals being supplied to schools, with allegations of expired food and a lack of quality assurance.
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Allegations have been made that schools are distributing expired prepared meals to children.
The quality assurance of the meal kits being supplied to schools is questionable due to corruption and abuse of power.
Parents are strongly opposed to the use of pre-made meals in schools, citing concerns about the pursuit of profit over children's well-being.
🍱 The pre-made meals market in China is booming, with popular dishes being made from meal packs and student canteens facing criticism for poor food quality.
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The national pre-made meals market in China is projected to exceed 1 trillion Yuan by 2026.
Student canteens in China have a history of using poor quality ingredients, including spoiled meat and rotten vegetables.
Local education bureaus are instructing primary and secondary schools to shut down their canteens in response to the poor food quality.
🍱 The video discusses the growth of the prepared meal industry in China and raises concerns about its safety.
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The prepared meal industry in China has seen significant growth, with thousands of companies registered annually.
There are concerns about the safety of prepared meals, with a social media influencer exposing counterfeit food in the production process.
The entry of prepared meals into schools is a topic of discussion.
🍱 Prepared meals have experienced explosive growth in China's consumer market, reaching a scale of 420 billion yen in 2022.
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Prepared meals are not a new concept and have been popularized since the 90s with the entry of fast food chains like McDonald's and KFC into China.
The prepared meal sector in China has seen significant expansion into the business market, especially since 2020 and during the pandemic.
Recent data shows a progressive growth in China's Ready-to-Eat meal market, with the market scale reaching 346 billion yen in 2021 and escalating to 420 billion in 2022.
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💧 The Chinese government has invested heavily in water conservancy projects to stimulate economic growth.
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China's investment in water conservancy construction reached $150.4 billion in 2022, a 44% increase from the previous year.
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In the first quarter of 2023, national investment in water conservancy construction reached $26.2 billion, a 76.2% increase compared to the same period last year.
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Approximately 30-35% of China's GDP growth comes from infrastructure investment.
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Water conservancy projects include water diversion, hydropower, flood control, irrigation, and waterway improvement.
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The South-North Water Diversion Project is one of the largest mega projects in human history, with a total investment expected to exceed $69.2 billion.
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🌊 The South-North Water Diversion Project in China aims to transfer water from the south to the north, but faces challenges and criticism.
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The main line for the central route is around 1400 kilometers.
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The first phase of the central route project has a designed water diversion capacity of 9.5 billion cubic meters.
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The Western route project diverts water from the upper reaches of the tinshan river and transports approximately 17 billion cubic meters of water to the northern regions each year.
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By June 15th, 62 billion cubic meters of water had been diverted from the first phase of the Eastern and Central routes.
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The SN Central route project has resulted in the permanent disappearance of nearly 800 rivers.
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🌊 The X project involves diverting water from the Yangtze River to Chaohu Lake and then supplying it to the north regions, potentially contributing to water pollution and the spread of diseases.
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By 2030, the X project is projected to divert 3.3 billion cubic meters of water from the Yangtze River and transfer 2.1 billion cubic meters of water into Chaohu Lake annually.
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The total investment in the X project is 12.6 billion US dollars.
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The YH project, a part of X project, commenced construction in December 2016 and was put into operation on December 30th, 2022.
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Chauhu Lake, a part of the X project, has suffered from severe water pollution, but the water quality has shown improvement.
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Studies suggest that the implementation of the X project could potentially lead to the spread of schistosomiasis, a parasitic disease.
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🚰 The X project involves the construction of water conveyance systems and tunnels to supply water to various regions.
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The first phase of the project has a total length of 755 kilometers for various types of structures.
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The second phase includes supporting facilities in six cities and prefectures.
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The project is still undergoing rapid construction and has made significant progress.
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The Yangtze River to replenish the Han River Project diverts water from the Yangtze River to supplement the Hun River.
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The environmental impact assessment reports severe pollution in several tributaries of the Hun River.
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💧 The GWA project in Guangdong Province is a major water diversion project aimed at addressing water issues in the Han River.
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The GWA project is a national backbone water project and the largest cross-basin water diversion project in Guangdong Province.
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The project aims to supply 2.1 billion cubic meters of water annually through one main pipeline and three branch pipelines.
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Construction of the GWA project is progressing vigorously with 48 construction sites and over 3,000 people involved.
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China has undertaken numerous water diversion projects, including the Hawaii River Estuary Waterway project.
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The Chinese government plans to establish a national water network by 2035.
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🌊 Water scarcity in northern regions of China is being addressed through water conservation and mega water diversion projects, but these projects come with environmental destruction, risk of water supply shortages, and the need for additional infrastructure.
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China has undertaken over 100 water diversion projects in the past five years, involving massive investments and environmental destruction.
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The construction of mega water diversion projects and reservoirs by the CCP government poses the risk of water supply shortages in many southern regions.
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Over 98,000 reservoirs have been completed in China, with a total storage capacity of over 900 billion cubic meters.
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By the end of 2025, all existing high-risk reservoirs will be reinforced and made safe, with approximately 19,400 such reservoirs in total.
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The CCP's enthusiasm for constructing large-scale water conservancy projects is driven by showcasing achievements, gaining illicit benefits, and depletion of the national treasury.
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👔 The garment industry in Guangzhou's Hawaii District is facing a downturn, resulting in decreased labor demands and depressing wages.
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The persistent international industry migration has forced many foreign trade processing factories to shut down or relocate.
The number of recruiting employers diminishes while the number of job seekers grows, depressing wages further.
Some factories demand working 16 hours per day offering less than 2 US dollars per hour.
🏭 Many factories in Shenzhen and Dongguan are struggling and closing down due to the challenging economic environment.
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Factories in Shenzhen are struggling to keep up with demand, leading to many closures.
The Xinxiao industrial area in Shenzhen has seen numerous factories come and go, highlighting the difficult situation.
Dongguan City is also facing challenges, with few factories hiring and many spaces available for rent.
💔 Thousands of manufacturing firms in Dongwan have shut down, with the manufacturing sector being hit the hardest.
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Over 3,000 companies in Dongwan have closed between 2022 and 2023, with the manufacturing sector accounting for over 1,700 of these closures.
Many factories in Dongwan have started giving employees extended unpaid holidays to cut costs due to the sharp decrease in orders.
In Shenzhen, the cost of living is already high and many daily wage workers are struggling to find jobs, with some factories reducing hourly rates to as low as 12 or 13 Yen.
🌍 The decline in manufacturing sector in Guangdong due to the trade war and pandemic highlights the need for diversifying supply chains.
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The trade war between the US and China has prompted Western corporations to relocate orders to other countries to avoid tariffs.
Guangdong's foreign trade has been declining due to the relocation of processing and trading factories.
The success of Guangdong's industrial upgrading strategy depends on the transfer of technology from developed countries.
🌍 The closure of Chinese factories due to the loss of international market orders is inevitable and irreversible, which will greatly impact China's foreign trade.
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China mainly plays the role of producing and processing in the global supply chain, rather than providing products with Chinese branding.
The current dip in foreign trade orders is the result of the CPTP mechanism, and if not reversed, China's foreign trade will become insignificant in five years.
The goods China exports to the U.S. are often branded as American products, such as Apple phones, Dell computers, and Nike sportswear.
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🍽 China's dining industry experienced a surge in new restaurant openings followed by a wave of closures, leading to a rise in secondhand equipment dealers.
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The number of restaurants consulting equipment dealers for liquidation surpassed the previous month's total.
40% of the establishments that opened in the first half of the year have closed.
50% of the establishments are barely surviving.
💔 The three-year pandemic restrictions in China have severely impacted the dining sector, with over 1.7 million dining-related businesses being deregistered or revoked.
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Over 1.7 million dining-related businesses have been deregistered or revoked in China in the past 3 years, surpassing the total of the previous decade.
In 2020, over 320,000 dining outlets were deregistered in China.
By the end of 2022, the total number of food and beverage outlets in China decreased by 7.75 million year-on-year.
🍖 The catering industry in China is experiencing explosive growth, with a surge in new restaurants and high demand for equipment.
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Secondhand barbecue equipment items were sold out due to the high demand, leading to sourcing new equipment directly from manufacturers.
The nationwide catering income in China reached 24.3 trillion yen in the first half of 2023, growing by 21.4% year on-year.
The intense competition within the catering industry has led to an influx of new restaurants and a wave of restaurant closures.
😢 A newcomer to the restaurant business in China lost over 3 million yen in just 3 months due to the closure of her establishment.
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The number of closures in the dining sector surpassed the figures from 2020 and was only 13.9% less than the total closures in 2022.
In the first half of 2023, approximately 471,900 food and beverage related businesses in China were revoked or deregistered.
💼 The recession in China's real estate sector and decline in foreign trade may lead to a deeper economic slump, resulting in unemployment, pay cuts, and frugal consumer spending.
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China's economy may experience deflation, leading to increased savings and reduced spending.
Luxury and budget sectors are expected to remain stable, while middle-class consumers may prioritize essential purchases.
Non-essential eateries, export-oriented businesses, and high-cost establishments targeting the middle class may struggle due to declining public spending and closures.
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🚀 Taiwan deploys domestically developed chingan Hypersonic cruise missiles, with the capability to target Beijing and potentially the Three Gorges Dam.
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Taiwan reportedly deployed chingan Hypersonic cruise missiles with a range of 2,000 kilometers, capable of targeting Beijing.
Speculation on the potential for Taiwan's missiles to target the Three Gorges Dam in the event of conflict in the Taiwan Strait.
Feasibility of targeting the Three Gorges Dam with the deployed missiles and potential impact assessed by Chinese government and media.
⚔ The video discusses Israel's approach to tactical strikes and the potential tactics of the Chinese Communist Party in a conflict with Taiwan.
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Israel demonstrated restraint in recent conflicts by relying on high-level military technology and precise target analysis.
The CCP's potential attack on Taiwan may involve rocket missile forces, air operations, and amphibious landing operations.
🚀 The video discusses the development and capabilities of the Ting tan Hypersonic cruise missile by Taiwan.
09:08
The Ting tan missile's range has been extended to 2,000-3,000 km, potentially impacting Beijing in the event of a conflict with China.
The missile was jointly developed by the Ministry of National Defense of Taiwan and the National Chong Shan Institute of Science and Technology.
The development of the missile began in the early '90s and it is considered a strategic asset for Taiwan.
🚀 Taiwan's missile test and development of the Yun2 missile.
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Taiwan conducted a missile test from the Jung base with the research vessel Hayan 5 equipped with radar systems.
The Yung missile faced challenges in meeting US precision requirements, leading to the development of the Yun2 missile with improved propulsion and longer range.
The Yun2 missile had a total length of 14 meters and a maximum range of up to 2,000 km, representing the longest ranged development by NCS.
🚀 Taiwan successfully develops and begins production of the chingan Hypersonic cruise missile, enhancing its defense capabilities.
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The chingan Hypersonic cruise missile underwent comprehensive integration and testing, with full-scale production commencing in 2023.
Taiwan's Armed Forces possess domestically produced missiles with a range of over 1,000 kilometers, deterring military force from the CCP.
Taiwan and the United States signed a missile agreement in 2023, marking the first time the Taiwanese military has strategic long-range strike missiles.
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