☨St Louis IX opposed paganism, hæresy \x26 debauchery
China Observer
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Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "No Foreign Orders! Factories Closed One After Another! Imports and Exports Both Drop in September" video.
🏭 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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