Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
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! A major incident of thunderstorm asthma occurred in Inner Mongolia, causing severe asthmatic attacks and overwhelming hospitals.
00:14
Families were up all night and hospitals were packed to the brim.
Things are getting out of hand in Inner Mongolia.
Rain significantly exacerbated asthma symptoms in a patient at the Beijing Shijitan Hospital Allergy Response Center.
🚧 The Chinese military is behind a mine in BeiBen that is causing severe radiation exposure and environmental contamination.
03:21
The mine in BeiBen was initially not an open-pit mine but transitioned to open-pit operations after being acquired by a coal tycoon.
Severe body decay and darkened urine in mining transport drivers were initially suspected to be infectious diseases but were later determined to be due to radiation exposure.
Rainfall in Hohhot, Baotou, and Ordos has caused radioactive substances from openly stored coal to disperse into the atmosphere, with limited impact in Beijing due to geographical barriers.
🌬 The release of uranium munitions in Iraq and the dispersion of coal containing uranium in China are contributing to smog formation and physical symptoms in residents.
06:42
The uranium munitions released by the United States in Iraq have been vastly exceeded by the uranium radioactive material in coal in Ordos, China.
Zhao Lanjian criticized media outlets for neglecting the severity of the nuclear dust leakage and the physical symptoms experienced by people.
The Chinese government is inciting hatred towards Japan to divert attention from China's internal and external troubles.
🚨 The rapid pace of mining in China's uranium reserves could result in radioactive pollution and threaten safety.
10:12
The mining of uranium reserves could lead to the destruction of resources and release of radioactive ash.
If left untouched, the reserves may be destroyed by coal mining, diverting uranium to power plant furnaces instead of nuclear reactors.
Experiments monitoring radiation levels near thermal power plants have raised concerns about the undisclosed environmental dangers of radioactive ash.
😢 Chinese prisoners of conscience are subjected to labor without compensation and face abuse and torture for resistance.
13:29
Inmates in Chinese jails are commonly subjected to labor without financial compensation and face physical abuse, solitary confinement, or torture for resistance.
BeiBen acquired mining rights for the Lijia Pagoda Coal Mine, leading to a switch to large-scale open-pit mining due to outdated machinery.
The Lijia Pagoda Coal Mine has an annual production capacity of 3 million tons and can potentially generate 6 billion yuan per year based on current coal prices.
🔍 Under Xi Jinping's regime, the governance structure in China has revealed vulnerabilities, leading to reckless actions and a surge in disasters.
17:09
Past leaders masked issues with economic strategies and censorship, but Xi Jinping's aggressive approach exposed long-standing issues.
Lower-level officials are engaging in hazardous endeavors, like reopening minimally operated coal mines, to fulfill economic goals.
Exploitation and loss of grassroots control under Xi's regime have led to a surge in disasters, including the recent radioactive leak incident.
🔥 The CCP's strategy involves avoiding direct confrontation with the US and the West until they have assured victory, prioritizing unrestricted warfare and insidious tactics.
20:51
There is concern that the CCP's virus strategy, propaganda, and potential deployment of dirty bombs could lead to global disorder.
Evidence suggests that the CCP has been engaging with nuclear dirty bombs, amplifying their importance as a central trump card.
The CCP holds several trump cards, including alliances with sympathetic Western forces, the possible usage of viruses as weapons, and the deployment of nuclear dirty bombs.
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😔 The downward trend of China's economy is impacting the catering industry, leading to closures and financial struggles for restaurant owners.
00:00
China's catering industry is facing immense challenges with a wave of closures impacting restaurants.
Restaurant owners are struggling with financial losses and overwhelming bank debts, leading to closures.
The pandemic has resulted in significant financial challenges for the catering industry in China, affecting both well-known chain brands and individual restaurant owners.
😔 The video discusses the decline of popular shops and restaurants in Shanghai, with a man expressing dismay at the changes in the city's commercial district.
03:30
Popular shops and restaurants in Shanghai are closing down, with fewer customers and empty storefronts in the commercial district.
The man expresses concern about the difficulty of making money in the restaurant business in the current economic climate.
A local driver recommends Sunak Mall in Guang Jadu as a good dining option.
🍽 The restaurant industry is facing a nationwide wave of closures and a surplus of secondhand equipment, leading to a downturn in business.
06:43
Nearly 1 million restaurant licenses have been revoked or canceled this year.
The secondhand equipment recycling market has seen a significant increase in closed restaurants and surplus equipment.
The industry experienced a promising period after the lockdown was lifted, but took a nosedive in May and June.
🍔 Restaurants in various regions of China are facing closure due to high costs and declining customer volume.
09:47
Bleak market conditions affecting restaurants in Shenzhen, Beijing, Changdu, and Changsha.
Small scale restaurants facing high costs and low customer volume, leading to closures.
Popular Fried Chicken chain, Jungshin Chicken Steak, experiencing a significant decline with nearly 10,000 stores shutting down.
😔 The catering industry in China is facing challenges with a significant increase in new businesses and closures, leading to intense price wars and predictions of large-scale closures by the end of the year.
13:14
Cumulative number of newly registered catering businesses nationwide increased by 374,000 compared to the same period last year
The industry has seen a large influx of entrepreneurs, increasing competitive pressure and leading to intense price wars
Predictions of a large scale wave of closures in the catering industry by the end of December this year
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This was an absolutely brilliantly produced video👏👏👏🎬👍👍👍👍👍. My time-stamped summary's below 'my🎨 painting'😏🤓😎🤣😂😄:
The Chinese economy is
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I████████████████████] ing
◥⊙▲⊙▲⊙▲⊙▲⊙▲⊙◤
📉 China's economy is facing decline with factory closures, job losses, and a decrease in foreign investment.
00:09
BYD's factory in Shanwei is shutting down, causing job losses.
00:09
LG factory in Guangzhou is confirmed to be closing down.
00:53
Longgang Plastic Factory in Shenzhen is disbanding due to lack of orders.
01:11
Lenovo Group factory in Xiamen has closed down.
01:22
Foreign investment in China has significantly decreased.
02:59
💸 China's economic slowdown worsens as millionaire outflow continues, foreign trade orders plummet, and youth unemployment rises.
03:47
China's millionaire outflow is expected to reach 13,500 individuals by 2023, the highest globally.
03:47
Foreign trade orders sharply reduced as Western countries move supply chains to Southeast Asia and India.
04:32
80% of orders at a jewelry processing factory have been cancelled, causing significant losses.
04:46
China's youth unemployment rate for those aged 16 to 24 rose to 20.8%, reaching a new high since 2018.
05:36
Food delivery industry in China is overcrowded, leading to intense competition and reduced income for drivers.
06:10
📉 China's economy is facing a cliff-like decline, with high unemployment rates and a depreciating yuan.
07:55
Unemployment rate in Guangzhou is close to 30% for college graduates.
07:55
Unemployment wave affects consumption and real estate industry.
08:12
Senior Chinese officials have convened emergency meetings to stimulate the economy.
08:45
Chinese yuan has depreciated significantly against the US dollar.
09:22
Depreciation of yuan has limited positive impact on Chinese exports.
09:39
📉 The devaluation of the yuan against the US dollar is negatively impacting China's economy and exports.
10:07
Strong foreign companies demand additional concessions on export product prices to offset the extra exchange rate gains.
10:07
Numerous foreign trade companies in the Pearl River Delta region are either taking holidays or closing down due to a lack of orders.
10:46
China's loose monetary policies and interest rate cuts go against the global trend, but are related to the unique economic situation in China.
11:22
The sustained decline in China's economy and exports has significantly reduced foreign exchange income and reserves, putting pressure on maintaining the stability of the yuan's exchange rate.
12:43
Domestic demand shortfall is a major issue, with ordinary people running out of money and being reluctant to spend.
13:05
📉 Mainland Chinese e-commerce platforms did not disclose the total transaction amount for '618' this year, indicating a decrease in consumers' purchasing power.
13:46
Many platforms not disclosing total GMV suggests a decrease in consumers' purchasing power.
13:46
The growth rate of total online transaction volume during '618' was the lowest in three years.
14:13
Volume of '618' deliveries was lower than the previous year.
14:25
Business leaders and economists urge the government to adopt more market-oriented approaches.
15:26
Participants expressed concerns about the ambiguity of implementing stimulus measures.
15:38
Thank you very much😊☺🙂😃
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🏢 Property prices in China are plummeting, leading developers to offer significant discounts and promotions.
00:00
Developers in Zhuhai are offering 50% off properties, selling at 14,000 to 15,000 yuan per sq. m.
A prominent developer in Hangzhou is giving away gold with property purchases, offering an 18% discount.
China's Ministry of Housing and Urban-Rural Development is allowing developers to reduce prices to save themselves.
😔 The pre-sale prices for Greenery Gardens in Beijing have decreased by nearly 10% due to the sluggish housing market.
04:21
The initial estimated sale price of units in Greenery Gardens was 100,000 to 110,000 RMB per square meter.
The latest approved pre-sale prices range between 90,700 to 99,700 RMB per square meter, representing a nearly 10% decrease from the original estimate.
The lower pre-sale prices reflect the current sluggishness in Beijing's housing market, especially the luxury market.
⚠ Hong Kong's continuous interventions to stabilize the Hong Kong dollar may exhaust their resources and lead to a financial crisis, while China's sluggish residential market and downturn in real estate impact premium office spaces in major cities.
08:34
Hong Kong authorities have intervened in the Hong Kong dollar 49 times since May 2022, accumulating purchases of over 290 billion Hong Kong dollars.
There is a possibility of a financial crisis in Hong Kong similar to or more severe than the 1997 Asian financial crisis due to continuous interventions, potentially leading to a speculative attack on the Hong Kong dollar.
China's underwhelming economic recovery has resulted in a rising vacancy rate in premium office spaces in major cities like Shanghai and Beijing, with companies cutting rental expenses and favoring areas with lower rents.
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😔 The speaker discusses the challenges they have faced in the foreign trade business this year, including a major client going bankrupt and a decline in orders.
00:07
The speaker's business has been operating at a loss since the beginning of the year.
One of their major American clients has gone bankrupt, resulting in no orders.
The speaker is struggling to find new clients and the monthly expenses are becoming unbearable.
📉 China's foreign trade sector is experiencing a significant decline, with a year-on-year decrease of 55% in revenue and a 74% decrease in net profit.
03:21
Revenue for the first three quarters reached 135 billion yen, down 5.7 billion yen year-on-year.
Cargo volume dropped by 6% in the first three quarters, with the transpacific route experiencing a 10% decline.
Both the transpacific and Asia Europe routes saw a substantial decline in revenue, falling nearly 70% year-on-year.
📉 China's exports have been declining for six consecutive months while imports have seen positive growth.
06:47
China's total import and export in October 2023 amounted to $493 billion, with exports down by 6.4% and imports up by 3%.
The trade surplus of China narrowed by 31% to $56.5 billion.
Foreign invested enterprises in China also experienced a significant downturn in import and export activities.
📉 China's export decline indicates suppressed global demand and the need for domestic growth drivers.
09:32
Media analysis suggests that the decline in Chinese exports could harm market confidence.
Economists predict a continued decline in Chinese exports, bottoming out around mid next year.
Chinese exports have been declining since May, with a consecutive 3-month decline.
📉 China's foreign trade is facing immense pressure due to factors like the pandemic, economic slowdown, and falling demand.
12:51
China's leading container manufacturer, CIMC, reported significant profit declines due to a decrease in shipping container production and accumulation in Chinese ports.
The number of containers arriving at Chinese ports far exceeds those leaving, leading to a decline in shipping prices and revenue for CIMC.
A slump in manufacturing export orders has resulted in a decline in demand for export maritime shipping, further impacting CIMC's revenue.
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📉 The era of downgraded consumption is upon us as China's economy is in a slump and many young people are adopting a slacking off lifestyle.
00:21
People are choosing to adopt a lying flat or slacking off lifestyle due to high youth unemployment and a lack of hope.
Many individuals burdened with high loans and reduced income are seeking to lower their consumption levels to make ends meet.
Downgraded consumption and substitution products have become popular terms, sparking discussions among internet users.
🧹 People are downsizing their consumption and opting for simpler and more affordable options in various aspects of their lives.
03:16
Cleaning with regular detergent and baking soda is sufficient, and a cast iron skillet is a better alternative to small appliances.
Using common and affordable brands for shampoo and shower gel instead of trendy influencer products.
People are downsizing consumption in different areas, such as transportation and household items.
🍽 The video highlights the decline in orders and income for late-night snack shops in Shanghai, leading to many closures, while street vendors offering affordable meals are thriving.
06:34
Late-night snack shops in Shanghai are experiencing a notable decrease in order frequency and income, leading to many closures.
Traditional restaurants are struggling to stay open due to downgraded consumption, while street vendors with affordable dining options are becoming increasingly popular.
Street vendors in Shanghai offer great value for money, with dishes priced at only 10 Yen or about $15.
🛍 Young people in China are shifting towards affordable products and secondhand goods due to economic downturns and reduced spending, leading to a surge in money-saving tips and the popularity of discount stores and online flash sale platforms.
10:09
Young people in China are avoiding luxury brands and expensive consumer goods, opting for affordable products and secondhand goods instead.
There has been a surge in posts on various online platforms in China sharing money-saving tips.
Low-cost domestic brands and mass market products are gaining popularity, while high-end cosmetics are losing appeal.
💰 The average retail price in Japan increased by 8%, boosting profitability for consumer goods companies like Miniso and Fast Retailing.
13:37
Miniso's revenue increased by 13.8% to 11.4 billion yen, marking the largest growth in nearly 5 years.
Fast Retailing's profit increased by 88.4% to 26.2 billion yen, achieving three consecutive years of record highs in the greater China region.
Chinese consumers consider Uniqlo to offer the best value for money, making it the most purchased brand across all age groups.
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🔴 Walt Meisterautomobile Technology Group, a once-sensation in the automotive world, is on the brink of bankruptcy due to issues with their new energy vehicles' official systems.
00:06
Numerous owners reported malfunctions with the car's official systems and backend services.
The collapse of EV companies poses a challenge for car owners as their vehicles may not function at all.
China's new energy vehicle industry is declining and coming to an end.
🔥 Weltmeister, an automobile company, is facing financial difficulties, unpaid salary issues, and criticism over vehicle quality, with reports of cars catching fire in various locations.
03:40
Weltmeister employees protested unpaid wages at their factory in February.
Multiple instances of Weltmeister cars catching fire have been reported, raising safety concerns.
Videos captured incidents of Weltmeister cars emitting smoke and bursting into flames.
🚗 Many car dealers in China have collapsed, leaving car owners struggling to find representatives to address their concerns.
07:21
Over 40 car brands have officially exited the Chinese market in the last 5 years.
Chinese government regulations mandate manufacturers to ensure a 10-year part supply after exiting the market, but enforcing this requirement remains challenging.
Sales of other mainland automakers have also seen significant drops since October.
📉 Beijing Hyundai's Chongqing plant is being sold at a reduced price due to plummeting sales.
10:47
The Chongqing plant was first listed for sale on August 11th with a base price of 3.68 billion yen.
The base price was later reduced by 1.1 billion yen to 2.58 billion yen.
The reduced price is equivalent to a third of the total investment when the plant was built.
📉 Several Chinese automobile companies have declared bankruptcy due to financial issues and contract disputes.
14:44
Leton automobile, a high-end independently developed electric vehicle brand, declared bankruptcy after being involved in numerous civil cases.
Foten Motor Company declared the bankruptcy of Borgard Group, a Chinese German concern.
GAC Fiat Chrysler automobiles company applied for bankruptcy in Changsha, Hunan Province, and will exit the Chinese market.
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📉 China's exports are declining rapidly, with a significant drop in export value and a decline in various industries.
00:06
China's export value dropped 12.4% in June, reaching $285.3 billion.
00:06
Exports to major countries like the United States, Europe, and Japan have also decreased significantly.
00:29
China's foreign trade is on the brink of collapse.
01:01
Only the auto export business showed relatively good performance, while other industries experienced a decline.
01:27
Labor-intensive products are gradually being produced in other countries, reducing China's exports.
02:08
📉 China's chip shortage and declining exports are causing economic challenges.
02:56
Mainland China's production of integrated circuits increased by only 0.1% YoY in the first five months of 2023.
02:56
China's chip shortage is severe, impacting both domestic production and imports.
03:08
China's exports of rare earths dropped by 30% YoY in June 2023.
03:20
China's exports to the US decreased by 24% YoY in June 2023, reaching a 19-year low.
04:05
Chinese exports of low-end products to Africa are declining due to a lack of comprehensive planning and adaptation to the market.
05:11
China's Exports to the United States Experience a Sharp 24% Plunge in June, as Chip Shortages and Rare Earth Declines Pose Challenges to the CCP
📉 Chinese IT manufacturers relying on imported chips are facing significant profit decline due to chip shortages and US export restrictions.
06:36
Chinese IT manufacturers, such as Gigadevice and Inspur, are unable to buy chips and cannot produce products, leading to layoffs and loan defaults.
06:36
Gigadevice's net profit dropped by 77.7% due to the inability to purchase high-quality chips globally and the high cost of purchasing due to embargoes on key technologies.
06:47
Inspur's net profit plunged by 99% as it faces US tech export restrictions and soaring chip procurement costs.
07:15
China's chip shortage is impacting exports of automobiles, home appliances, and electronic products, weakening China's competitiveness in the global market.
07:45
US sanctions have limited Hong Kong's role as an import channel for chips, potentially hindering China's acquisition of chips and impacting its technological development.
08:22
📉 The US technological sanctions and restrictions on equipment supply have led to a decline in China's electronics manufacturing industry and rare earth sector.
09:24
Exports of computers, smartphones, and integrated circuits from China saw a decline of 20% to 30% compared to the same period last year.
09:24
Stricter restrictions imposed by the US and the Netherlands on equipment provided to China by ASML have severely impacted China's chip manufacturing industry.
09:57
The stock price of ASML, the leading global photolithography equipment manufacturer, has been steadily rising.
10:20
Global tech giants like Tesla and Apple are implementing rare earth recycling and reusing strategies, reducing their dependence on Chinese rare earths.
11:00
The Chinese Communist Party's export control on rare earth metals seems more like a face-saving exit strategy, as Western countries had already begun reducing their imports of Chinese rare earths.
11:33
📉 The rare earth industry in China is facing significant economic pressure and uncertainty due to a decline in net profit, falling market prices, import dependence, and export restrictions.
12:29
The estimated net profit for the first half of the year is expected to drop by 85% year-on-year.
12:29
The market price of rare earths has been continually falling, with neodymium oxide falling by 42% and terbium oxide and dysprosium oxide falling by 39.6% and 22.6% respectively.
12:58
China needs to import a large amount of rare earth elements due to domestic shortage, and the prices of these elements are rapidly rising.
13:46
The rare earth industry experienced a full-scale downturn in the first half of the year, and export restrictions implemented in August further dimmed China's rare earth export market.
14:36
Countries worldwide are actively seeking ways to reduce their dependence on China, leading to a decline in China's exports to ASEAN countries.
15:25
⚠ China loses its status as the largest importer to the US, leading to a decline in exports and potential trade deficit.
15:43
China loses its status as the largest importer to the US, replaced by Mexico, and ranks third behind Canada.
15:43
Many foreign trade companies have withdrawn from China, with 70-80% of industrial chains moving out.
16:01
China's ability to generate foreign exchange is weakening, and a trade surplus can only be maintained by reducing imports.
16:17
China's trade is expected to face a deficit in the future, particularly for essential imports like oil, food, chips, and high-end machine tools.
16:30
The decline in exports reduces China's global influence and limits its international maneuverability due to a decrease in US dollars in its treasury.
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💼 Honda's layoffs in China due to production reduction and termination of dispatch contracts, leading to financial compensation and assistance for affected employees.
00:33
Honda's layoffs attributed to reduction in production and termination of dispatch contracts.
Financial compensation and assistance provided to affected employees.
First significant staff reduction for Honda since joint venture in 1998.
📉 The economic performance in China has been the opposite of expectations, with significant decline in major indicators and a notable downturn for GAC Honda.
03:16
China's major economic indicators showed a significant decline with the real estate debt crisis worsening, numerous factories closing, and enterprises going bankrupt.
GAC Honda experienced a notable downturn, with a significant decrease in vehicle sales in the Chinese market for the third consecutive year.
🏭 Companies are losing confidence in China, leading to the relocation of investment and headquarters due to various factors such as supply chain issues and geopolitical risks.
06:23
Japanese automaker Honda rumored to be pursuing deification and reducing its dependence on the Chinese supply chain as early as August 2022.
The covid-19 outbreak and resulting lockdowns in Wuhan disrupted Honda's supply chain and production, leading to the consideration of restructuring the supply chain.
In response to geopolitical risks, Honda plans to rebuild its local supply chain and continue vehicle production in China.
🚗 Honda and LG Energy Solution are investing in electric vehicle production in North America, possibly due to US government subsidies and Japanese companies moving out of China.
09:16
Honda and LG Energy Solution are independently investing 700 million to retrofit factories for electric vehicle production in North America.
The US government will provide subsidies to electric vehicle consumers starting next year, with prerequisites for localization and domestic production.
Japanese companies moving out of China may be accelerating, possibly influencing the investment in North America.
💼 Sudden layoffs in the automotive industry causing financial pressure and uncertainty.
12:29
GAC Toyota announced layoffs in a pillar industry, leaving thousands unemployed.
Mitsubishi's decision to stop car production in China and invest in electric vehicles.
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📱 Huawei's Mate 60 Pro smartphone falls short of expectations with its 7 nanometer chipset.
00:29
The Mate 60 Pro smartphone utilizes a 7 nanometer Kirin chipset, which lags behind other contemporary brands.
Huawei's own 2020 Mate 40 model features a 5 nanometer chipset, outperforming the Mate 60 Pro.
User experiences reveal overheating issues and unpredictable crashes with the new Huawei phone.
📱 Rumors suggest that Huawei's chips for smartphones are produced by Chinese company SMIC using a 14nm process, resulting in performance equivalent to 7nm at a significantly higher production cost.
04:35
Huawei has increased the shipment volume for the Mate 60 series to 20 million units, potentially leading to colossal figures if government subsidies are provided.
Concerns regarding safety and privacy protection have been raised due to the surveillance features of Huawei phones, which cannot install VPN and other bypass software.
Attempts to sidestep U.S. restrictions in the development of Huawei Mate 60 have been discovered, with the most expensive foreign components being the DRAM and NAND Flash from South Korea.
📈 Huawei is making a comeback in the smartphone and services sector with the help of pxw, which is aiding them in circumventing U.S. sanctions.
08:02
Pxw is helping Huawei bypass U.S. sanctions by placing orders for chips and equipment from foreign suppliers.
Pxw is recruiting talent with attractive salaries, offering up to 5 million New Taiwan dollars annually.
The Senja Major Industry Investment Group is funding pxw and other industry investment entities to evade U.S. sanctions.
📱 The iPhone 14 can automatically connect to satellites passing overhead.
11:39
The Mate 60 requires manual alignment with the satellite.
China Telecom users have exclusive access to connecting to Tian Tom 1.
The CCP is attempting to break through the critical bottleneck in semiconductor technology.
🌍 The video discusses the differences between technological advancements in the free market of the US and Europe compared to China's reliance on government leadership, subsidies, and plagiarism.
15:05
Technological advancements and breakthroughs come from the free market and genuine competitive environments.
China relies on government leadership, massive subsidies, and plagiarism to catch up in technology.
Tensions between China and the US are accelerating, leading to a potential Cold War era standoff scenario.
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🚗 Fraudsters in China deliberately throw themselves in front of vehicles to demand compensation for self-inflicted injuries.
01:00
These acts are seen as comical and unique to Mainland China.
Fraudsters in China stage accidents by deliberately colliding with vehicles to extract compensation.
One individual managed to stage up to five accidents a day and amassed over 170,000 Yen ($223,233) in compensation.
🚦 Videos show individuals in China attempting to scam drivers by throwing themselves under vehicles or clinging to them, resulting in dangerous and sometimes fatal incidents.
03:02
An elderly man was ordered to compensate a driver for emotional distress after disrupting traffic.
A middle-aged woman from Guangdong attempted to scam a police vehicle by clinging beneath it.
Various videos capture individuals trying to scam drivers by crawling under vehicles or throwing themselves under speeding cars, resulting in injuries and fatalities.
🚨 A controversial verdict in a traffic accident case sparked public debate and led to a reluctance among Chinese citizens to assist the elderly in public settings.
06:01
Judge Wong delivered a controversial verdict based on common sense rather than concrete evidence.
Pungu was ordered to compensate Shu Sholan over $6,000 USD.
The Supreme People's Court highlighted the Shu Yu versus Wong sh road traffic accident case, leading to an increasing reluctance among Chinese citizens to assist the elderly in public settings.
🚢 Collision between Chinese Coast Guard and Philippine vessels near Renai Reef.
08:58
The collision occurred between a Chinese Coast Guard vessel and a Philippine supply ship near Renai Reef.
The Philippines condemned the CCP for the collision, while the CCP claimed the Philippines staged the accident.
The collision resulted in damage to the supply ship and the Philippine Coast Guard vessel, but no reported injuries.
💥 Japan strongly opposes any unilateral attempts to change the status quo by force or intimidation in the South China Sea.
11:47
Australia's ambassador to the Philippines expressed concerns about the CCP's damaging Filipino vessels and disrupting the Philippine Supply Mission.
The Philippines issued a strong condemnation, denouncing the CCP's actions as provocative, irresponsible, and illegal.
The widespread occurrence of scams in Mainland China reflects a moral degradation in societal values, with evil fostering more evil.
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💼 The video discusses the deserted T1 terminal at pong International Airport and the withdrawal of foreign companies from the Chinese market.
00:00
The T1 terminal at pong International Airport is deserted with few people and closed shops.
Foreign companies are withdrawing from the Chinese market due to economic, regulatory, and political challenges.
International pharmaceutical companies are trying to reduce their dependence on China with Indian drug
⬆ The pharmaceutical industry is seeing a shift towards India as a manufacturing base, with companies experiencing strong profit growth and increasing demand for Indian supply chains.
03:12
Pharmaceutical companies in India have reported sales growth of 25 to 30% in recent years, with some clients looking to make India their second manufacturing country outside of China.
India's cdmo industry is estimated to generate revenue of about $15.6 billion this year, with an expected average annual growth rate of over 11% in the next 5 years, surpassing China's growth rate.
Pamal Farm Solutions has received requests to integrate their supply chains into India, reducing their reliance on raw materials from China.
🏢 Airbnb and Blizzard exit the Chinese market due to various challenges and regulations.
06:35
Airbnb's local business in China accounted for only about 1% of its total revenue.
Airbnb faced scrutiny over data security issues and ultimately decided to exit the Chinese market.
Blizzard announced the closure of its Battle.net servers in China, ending its 25-year journey in the Chinese market.
💼 LinkedIn announces plan to restructure its Global Business organization and China strategy, resulting in layoffs and public withdrawal from China due to operating challenges.
09:42
LinkedIn intends to lay off 716 employees, including engineering and marketing teams in China.
LinkedIn entered the Chinese market in 2014, but faced challenges with censorship and government restrictions on content.
Chinese regulators found sensitive posts on LinkedIn and criticized the platform during the two sessions in China.
💼 Gallup Consulting Group decides to completely exit China amidst economic downturn and increasing National Security pressures.
13:11
Gallup Consulting Group announced the closure of its operations in China.
The decision was made amidst China's economic downturn and increasing National Security pressures.
Gallup is closing all three of its offices on the mainland.
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