Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China’s Exports to the US Plunged 24% In June, Chips Are Choking the CCP and Rare Earth Is Done" video.

  1. 📉 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. 17:33
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