Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
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🏭 Many factories in Shin chin have closed down due to a decline in employees and business.
00:26
The Victory Toy Factory in Shin chin closed down after surviving the pandemic for 3 years.
Heo Enterprises, a large factory in shenen, has relocated, leaving the area empty.
China's exports and imports declined by 6.2% in September, according to the general administration of customs.
💰 Bilateral trade between China and Russia reaches a new record in September, driven by crude oil, natural gas, and grain.
02:57
Trade between China and the EU fell by 11.6% in September.
Imports from developed countries declined by 1% despite a 10% growth in imports from Russia.
Foreign companies are pessimistic about China's economic recovery.
📉 The US-China trade deficit has reached $41 billion in exports alone in the first eight months of this year, leading to operational difficulties and closures of factories in China.
05:57
Shinan Electric, a 38-year-old company, announced its dissolution due to a global economic downturn and adverse business conditions.
Major manufacturers like Shenan and Dongan are also facing operational difficulties and witnessing the closure of factories.
📉 China's economy is on the brink of decline as foreign capital pulls out and the government tries to salvage investments.
08:29
China's State Council issued guidelines to enhance the protection of overseas investors' rights and intellectual property law enforcement.
President Xi Jinping's gestures towards foreign businesses are seen as superficial rather than genuine concessions.
There is growing consensus that China's economy has passed its zenith and is on the brink of decline in the medium to long term.
💰 The Chinese government's measures to counteract the real estate crisis and regulatory crackdowns have created a tense investment environment, but continuous foreign investments have supported China's economy.
10:58
The Chinese government has promoted and exaggerated the achievements of China's economy to attract investments and reinforce its governance legitimacy.
The CCP's inflated economy, fueled by excessive praise, led to the misconception of China's genuine economic reality.
The Xi Jinping Administration engaged in money diplomacy and launched the high-profile Belt and Road Project, primarily benefiting the elites and bureaucratic workforce.
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💔 A factory in Shandong, China closes down, leading to mass unemployment and the end of a 16-year journey for its employees.
00:22
Mass exodus of foreign capital in Shandong, China due to closure of a South Korean Enterprise factory.
Employees packing up machinery and completing final tasks as the factory stands empty.
Reports of generous compensations offered to employees as a gesture of gratitude.
📉 The video depicts the closure of a furniture factory in China, resulting in unemployment and the emotional impact on the employees.
02:56
Closure of the furniture factory and resulting unemployment wave
Challenges faced by the employees during the closure process
Emotional attachment to the workplace and the decision to take belongings as momentos
💔 The pandemic has led to a surge in unemployment, causing many businesses, including restaurants, to close down, leaving the once bustling city streets deserted and desolate.
05:35
Unemployment surge and business closures due to pandemic
Restaurant owners struggling and facing closure
Struggle of a restaurant owner after 25 years in the business
😔 Struggles of business owners during the pandemic and economic downturn.
09:04
Business owners are facing financial difficulties and are perplexed by the absence of customers despite promotional efforts.
The pandemic has led to a cautious approach from both business owners and consumers, impacting consumer spending.
Many businesses, including Chinese restaurants, have closed due to the economic impact of the pandemic.
😔 The speaker discusses the challenges faced by their e-commerce business due to the impact of the pandemic on sales and profitability.
11:12
E-commerce business has been severely impacted by the pandemic, leading to a significant decrease in sales and profitability.
The speaker's business usually experiences peak sales during September and October, but this year the sales were even worse than the usual off-season.
The industry is facing challenges such as undercutting on prices, increased shipping insurance costs, and a high rate of returns.
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China's Ambitious Renewable Energy Goals: Covering the Taklamakan Desert with Solar Panels Raises Questions about Dominance, Tax Evasion, Pollution, and Human Rights Violations
🌞 A video circulating on Chinese social media suggests the visual spectacle of covering the entire Taklamakan desert with solar panels, highlighting China's ambitious renewable energy goals.
00:32
China is investing heavily in solar energy projects in its desert regions.
00:32
Covering just 1% of China's desert area with solar panels could meet the country's entire electricity demand.
00:47
The Chinese government is constructing a massive new energy project called 'Ning Power Enters Hanan' to transport electricity generated in Ningxia to Henan.
01:16
The project's total investment is estimated at 100 billion yen (approximately 13.7 billion US Dollars).
01:40
Challenges arise due to the precarious location of electricity pylons in sandy and barren areas.
02:24
The project includes a 'Greening for Line Protection' plan to transform sand dunes into fixed or semi-fixed sandy land and restore vegetation.
02:47
China's substantial investments in the new energy industry highlight its emphasis on solar energy development.
03:48
🌍 The global rivalry between China and the US in the solar energy industry intensifies, with China's dominance and alleged tax evasion under scrutiny.
04:28
China's long-standing dominance in photovoltaic power generation is aided by political support, cheap labor, and tax evasion tactics.
04:28
India is investigating 40 major Chinese photovoltaic companies for suspected tax evasion.
05:01
Chinese PV companies may face hefty fines if tax evasion is proven.
05:37
There are signs of domestic component prices falling below their cost price, potentially leading to dumping.
05:52
The US is lagging behind China in solar panel and electric vehicle production.
07:27
Europe is seeking alternative energy sources due to a scarcity of traditional resources like natural gas and oil.
07:48
Germany was a leading player in the global solar manufacturing industry in 2005.
08:03
🌍 China dominates the global solar energy industry but also leads in environmental pollution.
08:34
Germany encouraged solar panels with subsidies, but later raised the price of renewable energy resulting in job losses.
08:34
China produces 80% of the world's solar panels and dominates the supply chain.
09:11
China emits the highest amount of carbon dioxide and has severe air pollution.
10:23
The Chinese government's emphasis on environmental protection may serve as a guise for expanding the new energy industry.
11:25
The production of solar panels causes ecological damage and the recycling of PV products is underdeveloped.
12:01
China's dominance in the global green energy manufacturing sector is aided by access to cheap labor, including political prisoners.
12:31
The international community is recognizing human rights violations associated with green energy production.
12:48
🌍 The Chinese Communist Party's involvement in the photovoltaic industry and human rights violations have led to sanctions and global awareness of forced labor practices in Xinjiang.
13:02
Huawei became a leader in the photovoltaic inverter field with support from the CCP.
13:02
Huawei's smart PV products are used in over 60 countries, reducing CO2 emissions.
13:41
Sanctions imposed on CCP officials increased global awareness of human rights abuses in Xinjiang.
14:24
International media and government institutions have confirmed and condemned CCP's human rights abuses and forced labor practices.
14:39
The solar energy industry's supply chain is dependent on Xinjiang, raising concerns about supporting forced labor.
15:01
China's photovoltaic industry is crucial for future discourse power in new energy.
16:44
US Customs seized solar components suspecting they originated from slave labor camps.
17:21
📉 The net profit of Tongwell, a leading company in China's photovoltaic industry, dropped by nearly 70% in the third quarter, while the net revenue and net profit of TCL Junguan, a silicon wafer company, both fell by more than 20%.
17:55
Tongwell's net profit in the third quarter dropped by nearly 70% year on year.
17:55
TCL Junguan's net revenue and net profit both fell by more than 20%.
18:02
On October 26, Tongu SN price opened significantly lower, falling over 7%.
18:11
Tongu and TCL Jong stock prices reached their lowest levels since March 2021 and mid-December 2020, respectively.
18:21
The third quarter reports released by Tongu and TCL Jong on October 25 were the catalyst for the decline in stock prices.
18:39
Tongu's net profit in the first three quarters decreased by 20.25% year on year.
18:46
TCL Jong's operating income and net profit in the third quarter decreased by 24% and 21% year on year, respectively.
19:33
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🔥 Multiple incidents of electric vehicles catching fire in China raise concerns about vehicle quality and safety.
00:00
Electric car made by Nano EV catches fire in HuangTian Town, Hojo City, Guangxi on March 6, 2023.
A Han electric vehicle catches fire after colliding with a guardrail on the Belmont Expressway in Guangxi province on April 5.
Great Wall Aura EV catches fire at a charging station in Nanyang, Guangxi on April 6.
🚗 A customer complains about serious motor system failures in an electric vehicle and the dealership's lack of response.
03:05
The customer lodged a complaint with a local District Market supervision Bureau but has not received a response yet.
The customer expresses concerns about the unknown reason behind the malfunctions and the subpar quality of the vehicle.
The customer mentions the specific model of the electric vehicle, wiwang by Bay, and highlights issues with the craftsmanship.
🔊 Chinese brands compete by reducing prices while foreign brands increase prices but improve product quality.
05:37
Chinese brands continuously reduced prices, while foreign brands increased prices but significantly improved product quality.
Chinese electric vehicles have been heavily criticized for their battery quality, with the cost of battery replacement outweighing the savings from using an electric car.
🚗 Chinese electric vehicles face safety and quality issues, leading to an anti-subsidy investigation by the European Commission.
08:19
Chinese electric car brands BYD, MG, and Aura have faced safety and performance issues.
Aura's electric vehicle emitted electric currents and had a burnt smell, with no plans to change its behavior.
The European Commission is launching an anti-subsidy investigation into Chinese electric vehicles due to artificially low prices.
🔋 China's aggressive domestic subsidies aimed at capturing the international market are backfiring, leading to a surplus of batteries and trade barriers.
11:16
China's battery market is experiencing a supply-demand imbalance due to substantial subsidies from the CCP.
China produced 233.5 gigawatt hours of batteries in the first five months of this year, resulting in a surplus inventory of 68.4 gigawatt hours.
Trade barriers, including import requirements and tariffs, are making it harder for overproducing Chinese manufacturers to export their surplus.
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📉 The Chinese Communist party's stance on private ownership has shifted, leading to a decline in support for private businesses.
00:46
The CCP voiced support for the private sector, but President Xi appears less enthusiastic about private ownership.
State-owned behemoths have taken center stage, overshadowing private enterprises.
Private businesses in China have faced unsettling incidents and a decline in foreign investment.
📉 Private businesses in China face uncertainty and inconsistency in government support, as seen in the cases of Country Garden and Schwentaw.
04:07
Country Garden received privileges and support from the Chinese government during economic recessions but lost them once state-owned housing enterprises regained stability.
Schwentaw, an agrarian entrepreneur, faced backlash from authorities for overshadowing the achievements of the Chinese Communist Party with his successful hospital.
💼 The Chinese government suppresses powerful private giants through financial manipulation, legal and policy restrictions, and resistance to global listings.
07:49
Private enterprises contributed to 60% of China's GDP, generated 80% of its employment opportunities, and accounted for half of China's tax revenue in 2019.
Private businesses shouldered a debt of 120 trillion U.N by 2020's close, posing potential seismic implications for China's financial landscape.
Private enterprises play a pivotal role in societal stability by employing 300
😕 Recent policies and regulatory clampdowns in China have led to apprehensions and disillusionment among private sector players.
10:15
Stringent scrutiny and public denunciation of prominent private players have cast an ominous cloud over the segment.
The Chinese Communist Party's approach towards private sectors swings between propelling their growth during economic troughs and restraining them during prosperous times.
Entrepreneurs are gravitating towards other nations like Singapore, Dubai, and Malta due to grievances about China's trajectory and skepticism of its leadership.
📊 The establishment of the private economy development Bureau by the national development and Reform Commission and ERC seems to be a gesture of goodwill, but there's more than meets the eye.
13:38
The Bureau holds significant authority under the national development and Reform Commission, granting them decision-making power and positioning them as a critical link in policy approval processes.
Lee Chong's reluctance to establish a private economy development Ministry at the ministerial level suggests a delicate balance between rejuvenating the private enterprise spirit and avoiding concerns of privatized entities becoming quasi-state owned.
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📉 China's GDP growth of 5.5% in the first half of the year is likely overstated, with experts suggesting a contraction of around 6.4% based on tax revenue analysis.
00:24
China's GDP reached 59.3 trillion yuan in the first half of the year, with a year-over-year increase of 5.5% at constant prices.
00:24
Chinese citizens and international economists have expressed skepticism and a pessimistic outlook towards China's economic future.
00:39
The Chinese Communist Party has been criticized for manipulating statistical data, particularly GDP figures.
01:18
Various economic indicators point to a decline in the Chinese economy, including decreasing export orders, bankruptcies, and falling consumer spending.
01:34
A China-based big data expert suggests that China's GDP may have actually contracted by around 6.4% based on tax revenue analysis.
02:49
China's GDP Growth Is Inflated: Experts Suggest a 6.4% Contraction in the First Half of 2023, as Net Exports and Investment Decline, and Evergrande's Potential Bankruptcy Threatens the Real Estate Industry and Government Financing Platforms
📉 China's GDP components of net exports and investment are both showing declines, indicating a loss of momentum in the economy.
04:58
China's trade surplus decreased by 10.3% in the first half of the year, suggesting a decrease in earning power.
04:58
Net exports are unlikely to recover as supply chains move out of China and investments are withdrawn.
05:30
Fixed asset investment decreased by 10.4% in the first half of the year, indicating a loss of confidence in the future among private sectors.
05:43
Local governments, burdened with heavy debts, are unable to continue investing in infrastructure construction.
06:13
Government bond issuance for infrastructure investment has decreased by 27.4% due to local governments' inability to bear additional debts.
06:40
📉 China's economy experienced a significant contraction in net exports and investment, with modest growth in consumption.
07:36
The first half of this year saw a year-on-year decrease of 9.8% in China's economy, with a decrease in net exports and investment.
07:36
Retail data from entities above a certain limit showed a modest increase of 5.1% in retail sales compared to the same period last year.
08:21
The growth rate of car sales in the first half of this year was only 2.8%, indicating a sluggish consumer market.
10:33
The sale of excavators, a key indicator of investment activity, contracted by 44% in the first half of this year.
11:02
Overall, net exports and investment in China's economy contracted by 9.8% in the first half of this year, while consumption growth was only 5.1%.
11:20
📉 China's GDP is estimated to have declined by around 5% in the first half of the year and is expected to contract by around 10% for the whole year.
11:32
China's GDP in the first half of the year couldn't possibly have grown; it could only have declined by around 5%.
11:32
The situation will only worsen in the second half of the year, with an estimated annual GDP contraction of around 10%.
11:49
The Chinese Communist Party's leaders also recognize the severity of the economic situation.
12:00
Insufficient domestic demand, operational difficulties for some enterprises, and a complex external environment are major challenges for China's economy.
12:29
Consumer spending continues to decline, partly due to frugal habits formed during the pandemic.
13:31
⚠ The Chinese real estate industry is facing a crisis as Evergrande's potential bankruptcy could trigger devaluations and impact government financing platforms and the banking system.
15:19
Evergrande, a Chinese real estate giant, reported a loss of 812 billion yuan over the past two years with total liabilities of 2.44 trillion yuan.
15:19
Evergrande's assets primarily consist of inflated lands recorded on paper, which would plummet in value once liquidated.
15:49
Hundreds of real estate companies in China have experienced bond defaults, breakdown of capital chain, or bankruptcy, leading to a surge in unfinished building projects.
16:29
Beijing authorities have rolled out policies to support private enterprises and boost investor confidence.
16:58
The Chinese stock market fell on the day when official media promoted 'heavyweight documents' supporting the private economy, indicating investor pessimism.
18:19
📉 Doubts arise about the CCP government's ability to support private enterprises and stimulate private investment in certain infrastructure sectors.
18:49
Hu Liren, a former private entrepreneur, doubts the practical implementation of government policies to support private enterprises.
18:49
Hu Liren observes that many Chinese entrepreneurs are not in a good state and maintains a pessimistic outlook for their future.
19:30
The CCP meeting acknowledges the complicated and severe external environment, impacting China's export trade.
19:57
Commentators believe there is no visible hope or bright spots for China's economy in the second half of the year.
20:12
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💰 The government in Puka County, China, has implemented fines to maintain living standards and prevent a return to poverty.
00:00
Government worker emphasizes the link between unclean living conditions and a return to poverty.
New set of standards and fines implemented by Puka County government to ensure quality of life.
Document detailing fines for various household activities circulated online, sparking discussion.
⚖ Controversial fines imposed by the government in rural China spark criticism and raise concerns about privacy and autonomy.
03:58
Government imposing bewildering fines on impoverished people living in harsh conditions
Concerns about intrusive and harsh management targeting villagers' private lives
Local governments resorting to bizarre fines to generate revenue causing dissatisfaction and criticism
💻 A programmer in China faces legal trouble for accessing foreign company networks and GitHub.
07:43
The programmer plans to initiate an administrative lawsuit after October 1st and invited everyone to watch the trial.
The programmer received tasks via GitHub and worked remotely on a company's network, but faced fines and salary confiscation for bypassing internet restrictions.
Chinese netizens commented on the situation, expressing concerns and making jokes about bypassing restrictions.
🤔 The excessive fines imposed on individuals and businesses for minimal earnings have sparked outrage in Chinese society.
11:40:57
A couple and an elderly farmer were fined significant amounts despite earning very little from selling vegetables.
The extreme punishments have caused widespread concern and outrage, even in the capital Beijing.
A steamed bun shop in Beijing was fined for selling tofu pudding, which was deemed to exceed the permitted scope of operation for hot food.
🗣 The Chinese government's intervention in free speech and increasing local government debt.
15:44
The Chinese government's intervention in free speech is seen as excessive and raises concerns about freedom of speech.
The debt balance of local government in China has reached 37.5 trillion yen, with concerns about hidden borrowings and financial distress in various provinces and cities.
Provinces and cities in China, such as Guo Province and Yunnan, are facing financial distress, and the capital of Inner Mongolia openly stated difficulties in debt reduction.
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