Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Crisis in Shanghai? Xi Jinping Hastily Stabilizes, Unable to Resolve Nine Major Issues" video.

  1. 📉 China's economy continues to struggle as foreign investment outflows and business sentiment deteriorate. 00:21 China's economy remains sluggish with rapid outflow of foreign investment, signaling lack of confidence among foreign enterprises. 52% of American Chamber of Commerce member companies surveyed are pessimistic about their business prospects in China over the next 5 years, the lowest level since 1999. Financial institutions, including ABN Amro, City Bank, and Morgan Stanley, have closed offices in Shanghai in recent years. 📉 Shanghai businesses are facing unsustainable tax increases and high vacancy rates, leading to an accelerated immigration of the middle class. 04:07 Shanghai businesses have paid 9.1% more taxes to compensate for revenue shortfalls. Vacancy rate in Shanghai shopping centers is at 12.1%, exceeding the rate at the end of 2019. Xi Jinping visited Shanghai to emphasize the city's efforts to enhance its competitiveness and lead in financial and technological innovation. 💼 Xi Jinping's shift towards pragmatism and economic reform in response to the pandemic's impact on China's economy and social stability. 08:30 Xi Jinping's reform rhetoric is linked to preventing economic recession and social unrest. The delay in convening the third plenary session is due to dilemmas in finding solutions to China's economic problems. 📉 Criticism of Xi Jinping's leadership and the lack of substantial economic reform plans in the upcoming third plenary session of the Chinese Communist Party. 11:38 The third plenary session is expected to introduce major economic reform plans, but there is criticism that there is nothing substantial to offer. Xi Jinping is blamed for the economic collapse and is seen as unable to turn the situation around, losing support from both the party and the people. The ritual of the CCP's plenary sessions is crucial for maintaining public confidence, but the upcoming session may not be able to cover up practical problems, leading to instability. 🇨🇳 The 20th Central Committee of the CCP is facing issues with multiple members being removed, including the defense and foreign ministers, leading to delays in important decisions and appointments. 15:24 Le Shang Fu has been removed as Defense Minister for over 3 months with no successor determined. China agreed to resume US military exchanges, but the delay in appointing a new defense minister is hindering progress. The delay in the third plenary session is due to the need to address the dismissal of four individuals, including the defense and foreign ministers.
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