Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
channel.
-
🚲 Chinese youth use electric wheelchairs to bypass regulations on electric bicycles.
00:05
New regulations on electric bicycles have led to young Chinese people using electric wheelchairs for commuting.
00:05
Videos of young people using electric wheelchairs for commuting are being widely shared on social media.
00:54
Rectification campaigns and confiscation of electric bicycles have been carried out by police in various cities.
01:09
Residents have expressed dissatisfaction with the police's actions in confiscating electric vehicles.
01:24
Residents in different cities have given up electric bicycles and started using electric scooters instead.
02:39
🚲 Electric wheelchairs are not classified as vehicles and are not bound by traffic regulations, leading to an increase in usage among young people in China.
03:31
Electric wheelchairs are not managed as motor vehicles or non-motor vehicles and do not require a license or helmet.
03:31
Many young people in China switched to electric wheelchairs for convenience after the implementation of new regulations for electric bicycles.
04:03
The Chinese government has launched campaigns to regulate electric bicycles, with control measures implemented in approximately 190 cities.
04:19
Chinese police intercept motorcycles and electric bicycles to make money by selling the seized vehicles to Africa, Pakistan, and other places.
04:56
Several cities in Guangdong province, such as Guangzhou and Dongguan, have strict bans on motorcycles and have confiscated them from riders.
05:29
😔 Incidents of mistreatment and confiscation of electric bicycles by traffic police in China have sparked public dissatisfaction.
06:51
Motorcyclist injured and fined after being forcibly stopped by traffic police.
06:51
Woman on electric bicycle surrounded by police officers, breaks down in tears.
07:23
Delivery drivers resorting to alternative methods to avoid inspection.
07:54
China has over 400 million electric bicycles, surpassing the number of privately-owned cars.
08:11
Increased fines and restrictions on electric bicycles causing public dissatisfaction.
09:01
💰 Traffic fines in China have become a significant source of revenue for local governments, with penalty revenues showing a significant growth trend.
09:35
Chinese traffic management department has been criticized as a 'licensed robber'
09:35
Chengwu County in Shandong Province introduced a 'monthly penalty subscription'
10:10
Local traffic fines generate over 30 million yuan annually in a county
10:45
Traffic police in Hunan Province strive to achieve a target of 130 million yuan
11:20
Penalty revenues in many parts of China have shown a significant growth trend
11:57
🚦 Traffic penalty revenues in China have significantly increased, with Qingdao City leading the list.
12:37
Qingdao City had penalty revenues of 4.4 billion yuan in 2021, a 127% growth from 2020.
12:37
Nanchang had the largest increase in penalty revenue at 151%, followed by Suqian (133%), Changzhou (110%), Xiangyang (118%), Yibin (105%), Huanggang (102%), and Jiaxing (105%).
13:00
Total traffic fines in China in 2020 were around 300 billion yuan, averaging over a thousand yuan per vehicle.
13:29
Han Deyun revealed the unreasonable set up and misuse of traffic road signs and the 'electronic police' system, leading to excessive fines.
14:07
Traffic management departments set up 'traps' to maximize fines, including lower maximum speeds, multiple speed limits on the same road, altered lane settings, and universal fines for parking violations.
14:23
1
-
1
-
1
-
Yiwu, Zhejiang Province, the 'Capital of Small Commodities,' is known for its counterfeit goods market.
00:00
Yiwu is home to the world's largest small commodities wholesale market.
The phrase 'pressure on Yiwu' refers to the swift replication of popular products as counterfeit goods.
Suppliers in Yiwu can source or create identical items within a short period of time.
💼 The counterfeit personal shopping industry in China is booming, with faux personal shoppers buying high-quality counterfeit luxury goods and selling them for slightly less than the original's retail value.
04:10
The counterfeit personal shopping industry in China has grown due to the demand for luxury brands and their allure.
Yiwu likely serves as a hub for these counterfeit operations.
Yiwu offers both counterfeit luxury goods and original branded products of varying quality.
💼 Yiwu's development model, coined by Xi Jinping, has propelled rapid prosperity through attracting and strengthening businesses, primarily driven by counterfeiting.
07:53
Xi Jinping summarized Yiwu's developmental experience as 'inexplicable,' 'creating out of nothing,' and 'turning stone into gold.'
Yiwu's industrial growth is credited to the approach of attracting big businesses and strengthening existing ones.
Yiwu's reliance on counterfeiting has facilitated rapid prosperity for its populace.
🏭 The video showcases the production of skin-cooling silk masks and leather bags in a family-run workshop in Yiwu, China.
11:31
The production of skin-cooling silk masks and leather bags is done in a family-run workshop in Yiwu, China.
The video raises concerns about the hygiene standards of the workshop due to its cluttered setup.
Yiwu's success may be attributed to its low costs, rapid adaptability, and short production cycles.
🛍 Yiwu's wholesale market for small commodities may have deceptive practices, such as selling goods by weight with packaging included and offering leftover stock with imperfections.
14:41
Goods in Yiwu are sold by weight, including packaging, leading to potential misrepresentations.
Many products sold by weight in Yiwu are leftover stock with imperfections and incomplete sets.
Thorough inspection and unpackaging of goods is essential when sourcing from Yiwu.
1
-
🍇 The video discusses the rampant overcharging and deceitful practices in a city in China, leading to growing disinterest in visiting the area.
00:00
Deceitful practices from fruit vendors to taxi drivers in a city in China
Growing disinterest in visiting the city due to service chaos and overcharging
Even locals choosing to relocate due to the situation
⚠ Tourist scams and overcharging at attractions in China.
02:52
Ticket prices at attractions are marked up significantly, with travel agencies paying a fraction of the official price.
Tourist scams involve selling counterfeit products, recommending specific tourist spots and restaurants for kickbacks, and overcharging for transportation.
Bus drivers are implicated in overcharging tourists and promoting specific attractions and restaurants for high commissions.
🏠 The video discusses the challenges in the housing market and tourism sector in a Chinese city.
05:46
High property prices in the city make it unaffordable for ordinary wage earners.
Real estate fraud and deserted developments are causing distress for property owners.
Many Northerners are turning to alternative winter destinations due to substandard accommodations and high living costs in the city.
🌴 The video compares the value for money of snorkeling experiences in Malaysia and SAA, highlighting the unique and dreamlike experience of watching fireflies in a dark rainforest.
08:37
Malaysia offers a day tour including snorkeling, sea outings, and night tours of tropical rainforest to watch fireflies for around 20028 yen.
Snorkeling near SAA Long Bay can cost 500 to 1,000 yen for less than an hour, offering poor value for money and inferior water quality.
The seabed at Boho Island in the Philippines is significantly better in terms of marine ecology compared to SAA, which has suffered from murky waters and poor visibility.
💰 The Chinese Communist party's development model for tourism and agriculture has not brought significant economic benefits to local residents, despite the profitability of attractions.
11:45
Low wages force residents to rely on overcharging tourists for their livelihood.
Most revenues from attractions do not flow into the local community, and local residents are unable to share in the profits of major tourism sectors.
The high investment required to establish accommodations and the dominance of large or state-owned enterprises leave limited income for local residents.
1
-
1
-
💰 Leening's stock value has plummeted by 100 billion HKD due to a decline in sales and boycotts by fans.
00:23
Leening's stock value dropped by 100 billion HKD, amounting to a loss of approximately 6.1 billion Hong Kong dollars or about $7.8 billion US.
Leening's stock has been consistently dropping throughout the year, with a cumulative drop of 8% on November 7th.
The decline in stock value was triggered by angry fans boycotting Leening products after their team's defeat in the League of Legends season 13 World Championship.
👗 International Fashion Week collaborating with top designers and brands faced backlash due to the Shing Jang cotton incident, leading to boycotts and impact on sales.
04:03
Human rights organizations criticized the CCP for forced labor in Shing Jang cotton, leading to boycotts against Western clothing brands like H&M, Nike, and Adidas.
The concept of 'Made in China' was sparked as a response to the boycotts, with a Chinese sports brand, Leing, raising prices and positioning itself as a high-end national sports brand.
Leing's pricing soared, with most items priced in the thousands, including a limited edition sneaker priced at 29,999 Yen ($44,100), a 17-fold increase from its launch price.
👟 Consumers in China are prioritizing cost effectiveness and practicality over brand names, leading to a decrease in consumption of high-end products like Leen ning shoes.
07:45
Consumers in China are replacing high-end brands like Leen ning with other Chinese brands like xep361° and Peak sport.
Leen ning faced boycotts in 2022 over allegations of insulting China with its clothing designs.
Leen ning's clothing line was accused of closely resembling Japanese military uniforms, sparking significant controversy.
📉 Leaning faced a catastrophic stock price plunge and announced a buyback, leading to downgrades in target price and earning forecasts by several foreign institutions.
14:25
Leaning announced a buyback of approximately 1.2 million shares worth 28.97 million Hong Kong dollars.
Foreign institutions like JP Morgan, Dway Securities Group, and City Bank downgraded Leaning's target price and earning forecasts.
Morgan Stanley indicated a lower sales and profit forecast for Leaning for the next 3 years.
1
-
1
-
1
-
🔍 High-ranking officials in the Chinese Communist party, including the former Minister of Foreign Affairs and the Minister of National Defense, have disappeared, fueling speculation and creating a mysterious narrative.
00:26
High-ranking officials in the Chinese Communist party have been vanishing successively, creating an unsettling undercurrent.
The disappearance of former Minister of Foreign Affairs qingang remains unsolved, adding to the intrigue.
China's Minister of National Defense has also vanished, leading to speculation and a frenzy of public interest.
🔍 Beijing authorities are investigating and removing Lee Shang Fu from his position as Minister of National Defense, along with arresting several military officers, due to corruption and cracking down on princelings.
03:54
Lee Shang Fu is under investigation and has been removed from his position as Minister of National Defense.
A total of eight people from the Equipment Development Department have been arrested, including military officers and bureau level officials.
The arrest of Lee Shang Fu is part of Xi Jinping's anti-corruption campaign and crackdown on princelings.
🔍 China investigates procurement corruption and misconduct in its defense industry and system.
07:41
The 19-month long russo-ukrainian War may have caused setbacks in Chinese civilian military integrated products supplied by Russia.
Lee, a member of the princeling faction, is involved in the investigation.
Lee has held significant positions in the military Aerospace system and was appointed Deputy Commander of the PLA Strategic Support Force.
🔍 The recent removal of prominent figures in China's military may be a result of Xi Jinping questioning their loyalty and purging them in batches, according to a media personality.
13:51
Xi Jinping's anti-corruption campaign in the military is ongoing with zero tolerance for corruption.
The missing individuals were close confidants of Xi Jinping, most of whom were personally promoted by him.
Historically, leaders in dictatorial regimes exhibit distrust towards their subordinates and purge them in batches.
1
-
1
-
1
-
1
-
1
-
1
-
"The Tragic Collapse of China's Largest Private Financial Conglomerate: $510 Billion at Risk of Vanishing and Its Impact on Investors, Creditors, and the Entertainment Industry"
😢 A heartbreaking story of bankruptcy, loss, and tragedy caused by the collapse of a financial group in China.
00:08
Jord own trust announcement of bankruptcy on September 16th, 2023
00:08
Warning to cherish hard-earned money and not trust top financial institutions
00:34
Financial crisis of jungju group and collapse of real estate giant evergrand
01:07
Heartbreaking story of Mr. Lee's spouse passing away due to lack of money for treatment
01:33
Tragic suicide of an investor's father after losing everything in the Jona systems trust
02:44
💸 The collapse of the Jonu group in China has led to significant financial losses and unresolved mysteries, with debts exceeding assets and weak regulation of financial products.
02:56
Client's 70 million yen investment evaporated due to collapse
02:56
Jonu group revealed insolvency and ongoing operational risks
03:26
Debt level reached 420-460 billion yen, assets less than 2 billion yen
03:32
Jungju group became most indebted financial giant in China
03:54
Real estate investments made up 74% of defaulted trust products
05:19
Weak regulation of financial products and bypassing regulatory supervision
05:46
Financial products under Jungju continue to be sold despite risk issues
06:21
💸 The collapse of Jungu Group and its impact on investors and creditors.
06:28
Jungu Group's misuse of corporate funds led to insolvency and potential bankruptcy.
06:28
Founder J. Quinn's sudden death and lack of successor added to the company's troubles.
06:39
Investors facing financial disaster and legal action with little effectiveness under the Chinese Communist Party.
07:17
Revelations of dubious practices prioritizing repayment to government officials over ordinary citizens.
08:31
Preemptive repayment to internal staff, family members, and influential individuals, leaving smaller business owners at a disadvantage.
09:11
💰 A financial scandal involving Jonu group and its connections to state-owned and central enterprises, leading to legal proceedings and lack of government intervention.
09:29
Middle-income individuals and seniors were the primary victims of the scandal.
09:29
Employees who didn't purchase financial products from Jonu had already left the company.
09:41
The highest investment in Jon's fixed financing products reached 5 billion yen.
09:58
The Beijing public Security bureau's chaang Branch filed a case against Jonu group's wealth management company for suspected illegal activities.
10:33
The government has not provided a solution for the repayment of debts owed by the group.
10:55
Jungu group's problematic financial chain was evident from its history.
11:01
Key personnel in Jonu group had connections to the Chinese Communist Party and state administration.
12:02
🎬 The collapse of the Chinese company Jungu Group has had a significant impact on the entertainment industry and high-earning celebrities, signaling potential financial industry collapse in China.
12:47
The collapse of Jungu Group suggests a close network between the company and high-ranking officials in the Chinese Communist Party.
12:47
The company's deep roots in China's entertainment industry have impacted the sector significantly.
12:59
The collapse led to substantial losses for high-earning celebrities who had invested in Jungu Group.
13:10
Jungu Group's involvement in the film industry and its connection with entertainment platforms like Mango TV and Bonabusiness.
13:38
Well-known private film company Hawaii Brothers is a major shareholder of Jungu Trust and likely affected by the crisis.
13:57
The collapse of Jungu Group indicates potential risks in investing in China's financial industry.
14:28
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
China's Real Estate Bubble Bursts: 4 Million Foreclosed Homes Annually, Leaving Countless Owners Homeless and Causing Economic Crisis
🏠 Rising mortgage defaults and property auctions leave owners homeless in China's real estate crisis.
00:31
Sky-high housing prices burden young people with decades of debt
00:31
Online discussions intensify as more people share experiences of losing their homes
01:04
Unemployment and mounting debts lead to the fear of homelessness
01:38
Individuals share personal financial struggles and losses due to property auctions
01:55
High interest rates and unmanageable monthly payments contribute to financial distress
02:12
Bank freezes accounts and auction prices threaten to exacerbate financial losses
02:46
Impulsive loans and unaffordable interest rates lead to inability to sustain mortgage payments
03:10
💥 Rapid increase in foreclosed properties in China causing housing market crisis.
03:33
Number of foreclosed properties in China has escalated significantly, reaching 4 million yearly.
03:33
Foreclosed properties impact housing market causing decline in prices and transaction volume.
04:13
Alibaba's platform is a major player in the online judicial auctions of foreclosed properties.
05:03
Reasons for surge in foreclosed properties include financial inability, economic downturns, and bankruptcy.
06:19
Auctioning of houses burdens lower and middle-income individuals, leading to mental health issues.
07:04
Termination of pre-sale contracts leaves individuals without legal recourse, pushing them into despair.
07:17
Foreclosed properties causing homelessness and mental health issues among individuals in China.
07:32
💥 China's real estate market faces crisis due to unsold foreclosed properties and over-supply.
07:39
Unsold foreclosed properties lead to significant price drop in China's real estate market.
07:39
Foreclosed properties are becoming more frequent, reflecting the sluggish state of China's economy.
07:53
China's Ministry of Housing and Urban Rural Development proposes to relax real estate market controls.
08:37
Guangzhou releases policies to lift purchase restrictions, allowing wealthy individuals to freely buy properties.
09:00
Renowned Financial commentator remains skeptical about the impact of lifting restrictions on stimulating a rebound in the property market.
09:52
Real estate crisis in China is unlikely to be resolved due to over-supply and decline in investment.
10:56
High rate of home ownership and multiple property ownership contribute to the real estate crisis in China.
11:17
💥 China's real estate sector faces a major crisis, impacting the economy and leading to bankruptcies and declining sales.
11:25
Real estate sector accounts for 25% of China's GDP
11:25
Rapid development of real estate has driven up asset prices and borrowing
11:54
China Evergrande group defaulted on its massive debt, leading to bankruptcy fears
12:10
Over 1200 real estate companies went bankrupt between 2020 and 2023
13:48
Sales volumes of new homes by China's top 100 real estate companies fell by 34.6% year on-year
14:03
China's economic growth expected to slow in 2024 due to the worsening real estate crisis
14:21
Unfinished construction projects could take four to six years to fully resolve
14:35
💥 Real estate market collapse in China leads to economic crisis and debt issues.
15:30
Real estate market collapsed 3 years ago with supply exceeding demand.
15:30
Significant decrease in purchasing power and waiting for market recovery.
15:45
Severe price reductions in real estate causing financial risks.
15:50
Overdevelopment, over construction, and overinvestment in Chinese real estate.
16:44
Excessive borrowing leading to inability to repay loans and reduced consumption.
16:59
Government promoting real estate bubble to mask inadequate consumer spending.
17:20
Chinese government's delayed action worsened the real estate bubble situation.
17:48
1
-
1
-
😮 Employees return to work after a holiday only to find their company has shut down, leaving them without pay.
00:00
Employees discover their company has gone bust and the office is cleared out.
Employees find a message from their boss instructing them not to come in.
Employees report not receiving their salaries and consider taking office furniture home.
📉 The catering industry in Guangdong is experiencing a wave of closures, with many restaurants shutting down after a short period of time.
03:43
The food and beverage industry in Guangdong is collapsing faster than the real estate market.
Many new restaurants in Guangdong are closing down after only a few months of operation.
Even established restaurants with significant investments are closing down after a few years of operation.
📉 The restaurant industry in China experienced a decline in new openings and an increase in closures, with some restaurants lasting only a few days.
07:29
The average lifespan of a new restaurant in China is only 8 days.
Novice entrepreneurs were particularly impacted, with some restaurants closing after just a few days or months.
Categories favored by newcomers, such as takeaway-only outlets, hot pot restaurants, and coffee shops, were heavily affected.
😔 The current economic downturn in China has led to the closure of restaurants, vegetable shops, and street stalls, resulting in a bleak street economy.
11:02
The street economy in China is suffering due to decreased consumption and cooling weather.
Brick and Mortar stores in Shanghai, such as the Shanghai Fisheries Market, are also experiencing closures.
The Nano fashionabledress wholesale Center, a high-end clothing market, is also facing challenges.
📉 China's Consumer Price Index recorded zero growth in September, indicating a trend of deflation and decreased purchasing power.
14:21
Consumer Price Index recorded zero growth in September after two months of below-market expectations.
Producer Price Index in September decreased by 2.5% year on-year, marking the 12th consecutive month of decrease.
China's prevalent trend of downgraded consumption and high housing loan burdens contribute to decreased purchasing power and discourage spending.
1
-
1
-
1
-
1
-
1
-
1
-
1
-
📉 China's manufacturing demand has plummeted, leading to concerns about the country's future and potential disintegration within the next decade.
00:00
Geopolitical analyst Peter Zeihan predicts China may disintegrate within the next decade.
00:00
China's manufacturing demand has dropped by 40% since 2018.
00:00
Peter Zeihan dismisses the notion of China becoming the world's leading economic and military power.
00:16
Zeihan also refutes claims of China being a technological leader and manufacturing powerhouse.
00:34
China's reliance on trade and an aging population pose significant challenges for its economy.
00:51
🌍 China's population decline and dependence on food imports due to globalization may lead to economic and societal collapse.
03:18
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.
03:18
China's labor costs have skyrocketed fifteen-fold since 2000, and the aging population worsens the issue of competitiveness.
03:55
China's agriculture is inefficient and heavily reliant on human labor, with many people in cities having forgotten how to farm.
04:33
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.
05:09
The manufacturing sector in China is facing challenges, with Western companies like Apple moving their operations out of the country.
05:44
🍎 Apple's heavy reliance on China's supply chain and the challenges they face in diversifying it.
06:33
Apple's supply chain is heavily tied to China, with 91% of it located there.
06:33
Apple considered moving its manufacturing to Vietnam, but it would take at least five years to establish a supply chain there.
06:51
Tim Cook expressed his desire to pull out from China, but faces challenges dealing with Chinese leaders.
07:10
China's energy crisis and heavy reliance on oil imports.
08:18
China's economic situation is in poor shape due to pandemic lockdowns and supply chain disruptions.
08:57
📉 China's lockdowns due to ineffective vaccines have resulted in a significant drop in orders, weakening exports and manufacturing industry.
09:14
The lockdowns severed the supply chains between China and the rest of the world.
09:14
China's political system may lead to a severe crisis in the next 5 to 10 years.
10:06
Xi Jinping has consolidated power and remains unchallenged.
11:16
Absurd government actions and unwise decisions are being made at the highest level.
11:34
The CCP's assumptions about capturing Taiwan are fundamentally flawed.
11:53
🔥 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.
13:04
China's economy is built on a fragile foundation and could collapse if it loses its cheap labor and external resources.
13:04
China is facing multiple crises including population collapse, a food crisis, manufacturing collapse, and political collapse.
13:39
China's possible downfall could have significant repercussions globally.
13:59
1
-
1
-
💼 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.
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
😔 A fresh graduate in Chengdu is struggling to find a suitable job and has experienced a significant pay cut.
00:19
The job market in Chengdu is not providing proper job opportunities for fresh graduates.
The individual had to accept a job with a lower salary than before and still couldn't find employment.
Due to financial difficulties, the person had to sleep under a bridge while searching for a job in Beijing.
📉 China's decision not to disclose the urban youth unemployment rate suggests a deteriorating economy.
06:14
China's official media suspended the urban youth employment rate survey, indicating dissatisfaction with the present numbers.
Observers believe China's economy is not improving as claimed, with investment, consumption, and imports and exports stalling.
China's aggressive Zero-Covid policy and autocratic foreign strategy have damaged the economy, leading to foreign businesses leaving and decreased investment.
📉 China's economy is facing challenges and is likely to experience stagnation for the next 10 to 20 years.
12:19
China's export advantage during the pandemic gave the CCP a false sense of confidence, but Western countries are distancing themselves economically from China.
The basic problem in China's economy is political, not economic, and the government's minor economic stimuli are viewed skeptically.
Experts predict that China's economy will enter a phase of stagnation with a growth rate of around 0% to 2% in the coming years, and youth unemployment has doubled in the past four years.
1
-
😱 A British man's newly purchased Chinese-made electric car unexpectedly entered autopilot mode and became uncontrollable, forcing him to crash into a police vehicle to stop it.
00:41
Brian Morrison's MG ZS EV entered autopilot mode and could not be stopped, prompting him to crash into a police vehicle.
The brakes failed to function, leaving Morrison in a state of panic.
Despite the harrowing experience, Morrison was not injured, but expressed uncertainty about driving the electric car again.
! The European Commission is launching an anti-subsidy investigation on Chinese electric cars due to their low prices caused by government subsidies.
04:24
China has become the top global car exporter, surpassing Germany and Japan.
The European Commission is concerned about the economic impact of Chinese electric vehicles on Europe's GDP.
The European Commission is initiating an anti-subsidy investigation to potentially impose punitive tariffs on imported Chinese electric cars.
💰 The Chinese government has provided substantial subsidies for electric vehicle manufacturing, leading to a surge of new energy vehicle enterprises, many of which aimed to defraud subsidies.
08:25
Chinese government has been providing hefty subsidies for new energy vehicles since 2009.
Many new energy vehicle enterprises emerged with the goal of defrauding subsidies.
The new energy vehicle sector in China became a problematic bubble similar to real estate.
🚗 Israel plans to ban the importation of fuel vehicles by 2030 and promote electric and natural gas vehicles.
11:34
Israel launched a plan in October 2018 to replace fuel vehicles with electric and hybrid models by offering lower purchase tax rates.
By 2025, the ownership of new energy vehicles in Israel is expected to reach 177,000, and by 2028 it will grow to 656,000.
China's new energy vehicle companies have high expectations for the Israeli market due to government support and favorable market characteristics.
🇨🇳🇮🇱 The Chinese Communist Party's support for Hamas in the Israeli conflict may strain Sino-Israeli relations and impact Chinese goods sales in Israel, including electric vehicles.
15:16
The Chinese Communist Party refused to condemn Hamas's terrorist attack on Israel, leading to anti-Israel sentiment in China.
Hamas's unusual aspects in the war suggest support from a major power, with the CCP being a suspected backer.
Uncertainty looms for the Chinese new energy vehicle industry in Israel if the conflict continues and Israel becomes wary of Chinese products.
1
-
1