Youtube comments of ☨St Louis IX opposed paganism, hæresy \x26 debauchery (@stlouisix3).

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  28. 'The German economy is in tatters, tatterrrrrrrs I tell ya!!!' 📈 The Russian economy is projected for better growth, with a forecast of 2.8% to 3% growth and potential strong growth in 2024. 00:59 The Russian government has increased spending, particularly in the arms industry, which has contributed to economic activity. 📈 The Russian economy is experiencing a significant surge, with predictions of growth ranging from 2.8% to 3% by year end. 04:01 The government is rolling out plans for further business investment in strategic industries, such as the semiconductor industry. The economy is surging, with growth predictions increasing from 0.7% to potentially 3% by year end. The surge in growth has led to increased imports and put pressure on the ruble. 💼 Germany's de-industrialization and technological stagnation under Merkel's era. 08:16 Germany's de-industrialization is accelerating due to the loss of cheap energy flows from Russia and failure to adapt to technological changes. The entire Merkel era was marked by industrial and technological stagnation in Germany. The euro and captive market in Europe masked Germany's lack of adaptability to global changes. 😬 The speaker discusses the economic situations in Europe and the United States, highlighting the massive amounts of money being pumped into their economies and the soaring budget deficits. 12:52 Europe and the United States have injected large amounts of money into their economies to cushion the energy shock and support industries. The United States' budget deficit is soaring despite economic growth due to the massive funds provided through the inflation reduction act. 🤔 The speaker discusses the failed expectations of a plan to control Russia's energy resources and remove Putin from power. 16:45 The plan was to get through winter and then retake Crimea and impose a capitulation on Russia. The plan did not work out as expected and Germany's actions were questionable. Schultz subsidized everything to cover up the problem he maneuvered Germany into.
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  97. Thanks for publishing this video on the current state of the Hong Kong and Southern Chinese Textile Industry, and its history. Summary with timestamps: 💔 The closure of Dongguan Minghai Finishing & Dyeing Factory and Dongguan Gogo Garment Manufacturing signifies the decline of China's garment processing industry and the end of an era for Hong Kong investment in mainland China. 00:04 Dongguan Minghai Finishing & Dyeing Factory, a 30-year-old Hong Kong textile giant, announced the cessation of business operations due to financial difficulties. 00:04 The closure of such a powerful factory has sent shockwaves through the industry and signals the end of an era in China's garment processing industry. 01:00 The decline of large Hong Kong-funded factories in mainland China also reflects the decline of China's foreign trade industry. 01:37 The closure of Dongguan Gogo Garment Manufacturing, a major lingerie factory, resulted in over 1,700 unemployed workers. 02:11 Dongguan Gogo Garment Manufacturing was a key player in the international high-end lingerie market and had a solid reputation locally. 02:51 💼 The collapse of traditional manufacturing companies in China, accelerated by the China-US trade war and the impact of the pandemic, has led to widespread shutdowns and financial difficulties for employees. 03:31 Employees praised the well-run factory with good benefits and compensation. 03:31 The factory struggled to resolve issues regarding severance payments and legal rights for employees after its collapse. 03:49 Labor-intensive companies have shifted to Southeast Asia or Central America due to lower labor costs. 04:27 The disappearance of China's demographic dividend and the China-US trade war have accelerated the exodus of traditional manufacturing factories from China. 05:01 The pandemic and the Chinese government's zero-Covid policy have further impacted labor-intensive businesses. 05:21 💔 Numerous veteran Hong Kong enterprises in Dongguan and Shenzhen, China, have announced closures and bankruptcies due to lack of orders and overwhelming debt. 06:36 Several veteran Hong Kong enterprises, including toy factory Dongguan Jingli Plastic Electronics and clothing manufacturer Dongguan Kaiwei Knitting Clothing Manufacturing, announced closures. 06:36 ALCO Electronics (Dongguan) Limited, a factory with over 20,000 employees at its peak, declared bankruptcy. 07:37 In the first half of 2022, over 3,000 factories in Dongguan went bankrupt. 07:53 Hong Kong-invested plastics factory Fu Huade Plastic Products in Shenzhen also closed after 17 years of operation. 08:09 The reform and opening-up policy in China attracted Hong Kong's manufacturing industry due to low labor costs. 09:06 📦 Hong Kong-funded enterprises played a crucial role in the development and prosperity of China's export trade in the Pearl River Delta. 09:41 Shenzhen, Zhuhai, and Shantou became the first batch of Special Economic Zones in 1979, attracting Hong Kong businesses. 09:41 Hong Kong-funded enterprises in the Pearl River Delta had a diversified industrial structure, including electronics, traditional industries, and supporting industries. 10:21 Hong Kong has been the largest source of direct investment in the mainland, with cumulative investment of USD 1.43 trillion by the end of 2021. 11:15 Investment by Hong Kong-funded enterprises in the Pearl River Delta slowed down after 2001 due to labor shortage and rising wages. 12:08 The global financial crisis in 2008 and China's economic policy adjustments impacted Hong Kong-funded enterprises heavily. 12:25 📉 The decline of Hong Kong-funded manufacturing enterprises in the Pearl River Delta and the impact of the U.S.-China trade war. 12:58 Many Hong Kong enterprises shifted operations to Southeast Asia, leading to a decline in manufacturing in the Pearl River Delta. 12:58 In 2007, Hong Kong-funded enterprises accounted for 72% of foreign enterprises in the Pearl River Delta. 13:16 Hong Kong-funded manufacturing enterprises rapidly declined after 2007, with many relocating to other cities in Guangdong province or Southeast Asian countries. 13:32 Rising labor costs, high taxes, and corruption were major challenges for Hong Kong-funded enterprises in the Pearl River Delta. 15:01 The U.S.-China trade war dealt a fatal blow to predominantly export-oriented Hong Kong enterprises, particularly in the textile and clothing industry. 15:36 💔 The Chinese clothing industry has faced significant challenges due to tariffs, the pandemic, and the restructuring of global supply chains, leading to widespread closures and a decline in the Chinese economy. 16:24 A 25% tariff on finished clothing imported from China caused renowned clothing brands to cancel orders and turn to Southeast Asian countries. 16:24 The pandemic and strict zero-COVID policy resulted in substantial losses for clothing processing factories. 16:40 China's foreign trade processing enterprises experienced an unprecedented order drought due to global supply chain restructuring and the withdrawal of foreign enterprises. 17:16 Widespread closures and relocations of factories led to the decline of Hong Kong-funded enterprises in China. 17:32 The decline of traditional Hong Kong-funded enterprises symbolizes the declining state of the Chinese economy. 17:49
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  119. Severe Desolation Grips Shanghai as Foreigners Depart, Businesses Close, and Overgrown Weeds Symbolize Economic Decline 😔 Shanghai faces severe desolation with businesses shut, overgrown weeds, and a significant decline in economic activity. 00:00 Former bustling supermarket now desolate with overgrown weeds 00:00 Decline in economic activity evident in empty streets and low store occupancy 01:21 New commercial landmark fails to attract expected consumers 02:08 Once thriving landmarks now quiet and deserted, with many closed stores 02:50 Fuan Small Commodities Market, once bustling, now nearly empty 03:06 🏙 Shanghai's economic decline leads to foreign business closures and desolation. 03:47 E-commerce impact leads to diminishing prosperity. 03:47 Pandemic and lockdowns catch merchants off guard, causing significant losses. 03:55 Closure of iconic foreign supermarket symbolizes economic downturn. 04:40 Carrefour stores face closure due to continuous losses and changing economic structure. 06:22 Taxi driver observes drastic decrease in foreign customers in recent years. 07:13 😔 Shanghai faces severe desolation as foreigners leave, businesses close, and overgrown weeds symbolize the city's decline. 07:35 Economy and property prices declining, with luxury houses and large apartments affected. 07:35 Empty streets and deserted nightlife districts, reflecting a shift from a thriving metropolis to decline. 07:49 Significant decrease in foreigners and foreign capital, impacting the city's transformation. 08:22 Financial sector experiencing overcapacity, with a sharp increase in sponsor representatives. 11:05 😔 Severe economic downturn and exodus of foreigners lead to significant challenges in Shanghai. 11:27 Year-end bonuses no longer attainable 11:27 Increased pressure and layoffs in financial sector 11:41 High unemployment rate and poor economic performance in Shanghai 12:45 Migrant workers returning to hometowns 13:23 Massive decrease in foreign population in Shanghai 14:10 Domestic workers facing reduced income and increased workload 15:07 📉 Shanghai's economic decline and foreign investment withdrawal are leading to severe desolation. 16:13 Shanghai's economic decline due to foreign investment withdrawal 16:13 Warning signs of China's economic downturn 16:35 Factors contributing to China's economic downturn 16:44 Forecasts for China's economic reopening 17:32 Impact of Xi Jinping's policies on China's economy 17:55 Expected cracks in the Chinese Communist party's capability 18:08
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  133. 😔 An online video reveals the decline of a once bustling mall in Shanghai, with many stores closing down and unemployment increasing. 00:32 2023 has been a particularly difficult year for workers in Shanghai, with many stores going out of business. 00:32 Wanda Plaza's 'Golden Street' is half-dead with hardly any business, and at least 30% of the shops are vacant. 01:20 Many physical stores are struggling to survive, experiencing widespread unemployment and closures. 02:15 Tourists are engaging in budget travel and only purchasing essential items, leading to a decline in business for many shops. 03:14 Psychiatric departments in hospitals have become crowded, indicating a decline in mental health. 04:11 The Decline of Shanghai Malls and China's Economy: Citizens' Fear to Spend, Deserted Stores, and a Looming Full-Scale Collapse 📉 China's economy is facing challenges with declining consumption, high unemployment, and low wages. 04:52 China's economic recovery has been lackluster with continuous downward trends. 04:52 94.8% of the Chinese population had monthly incomes under 5,000 yuan in 2022. 05:32 Consumption has become a chronic obstacle hindering China's economy. 06:17 Reform of the household registration system could stimulate consumption. 06:36 China has the world's highest savings rate, but it is due to lack of wealth rather than richness. 07:49 📉 China's economy is facing comprehensive weakness, with a decrease in domestic demand, unemployment, and a slump in key industries. 08:28 China's domestic demand has decreased, with only about 100 million people having real purchasing power. 08:28 China's economy has entered a state of comprehensive weakness, with a rise in unemployment and a decrease in overseas orders. 09:03 Consumer spending in China has been sluggish, and the three engines of economic growth - investment, exports, and consumption - have all declined. 09:23 China is experiencing deflation while facing intensified technology and economic sanctions from the United States and its allies. 10:05 China's stock market has declined, and youth unemployment and the youth marriage rate have reached new highs and lows respectively. 10:23 📉 The real estate industry in third- and fourth-tier cities in China is struggling, with housing prices declining by 20-30% compared to 2019 peak. 12:33 Nearly 8% of university students or employed youth in Guangzhou identify with the 'Four No's' 12:33 Sales of excavators in China have been declining since mid-2021 13:36 Chinese authorities have urged frugality and belt-tightening since the Sino-US trade war 14:22 Shanghai has the highest minimum wage standard at 2690 RMB, while 15 provinces have a minimum wage below 2000 RMB 14:59 Some provinces in China are experiencing high costs of living and job shortages 15:48 📉 The revival of the street-stall economy in China indicates a crumbling overall economic landscape. 16:23 Workers often exceed the monthly limit of 44 hours without receiving overtime pay. 16:23 Many companies in China pay lower wages than officially announced minimum wage. 16:23 Mainland China plans to introduce more stimulus measures to support the economy. 16:44 Cities in China are relaxing restrictions on street vending. 18:44 The street-stall economy is seen as a return to a primitive economic model. 19:44 📉 The e-commerce sector in China is experiencing intense competition, with companies like Alibaba and JD.com shifting towards low-price strategies. 20:58 Alibaba's Jack Ma emphasizes the importance of Taobao and supporting small and medium-sized businesses. 20:58 JD.com's founder Liu Qiangdong highlights the significance of low pricing for success. 21:18 Pinduoduo's performance reflects the impact of low pricing on Chinese consumption. 21:36 Taobao and Tmall change their subsidy strategy to focus on low-priced, multi-purchase goods. 22:19 The Chinese economy faces potential collapse in 2023 due to accumulated problems and corruption. 22:38
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  137. 👩‍🎓 The video highlights the challenges faced by a young woman in China's education system and her pursuit of a new beginning. 00:16 Many elders in China are willing to wait for hours just to get two steamed buns, which reflects the high value placed on food. The education system in China may condition individuals to be submissive, desensitized, and lacking critical thinking skills. A young woman's struggle to find success after graduation and her mother's harsh criticisms highlight the challenges faced by young graduates in China. 🧐 China mandates lipid panel tests for middle and primary school students, raising concerns about the responsibility of families and the quality of school meals. 03:10 China has released guidelines mandating lipid panel tests as a routine check for middle and primary school students. There are concerns about the responsibility of families for the health of children and the comprehensive survey conducted when enrolling in school. A famous blogger highlights the wealth of school principals, the subpar quality of school meals, and the comparison to pet food in the US. 📚 The video discusses the inhumane behavior prevalent in the education system, including the practice of quantum speed reading in China. 06:31 Inhumane behavior and humiliation are prevalent in the education system and society. Quantum speed reading, a controversial method, is being taught in China. The method claims to unlock a child's innate ability to resonate with the universe. 💔 The commercialization of China's education system is causing exhaustion, depression, and a passive mindset among students. 10:04 China's education system is commercialized, with educational institutions prioritizing profit over the well-being of students. Students bear the brunt of this commercialization, experiencing exhaustion and depression from a young age. Reports indicate that over 2,000 elementary students in Hian District have taken leaves of absence due to psychological distress. 🇨🇳 China's Communist Party challenges ethical boundaries and pushes the country towards immorality. 13:25 China has abolished welfare guarantees for housing, healthcare, elderly care, and education. The Chinese Communist Party's mindset constantly challenges the ethical boundaries of humanity. The world's disdain for the Chinese people stems from a mindset sculpted by the Communist Party.
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  138. Taiwan rapping 'Can't touch this' by MC Hammer: Triple Typhoons Cause Unprecedented Devastation as China's Coastal Regions Become a Vast Ocean Again! ---Timestamps ⛈ China faces an unprecedented challenge with three powerful typhoons threatening its coastal regions. 00:08 Typhoon Saola made a double landfall in Guangdong on September 2nd, avoiding Taiwan. 00:08 Typhoon Haikuri and Typhoon Hong Yen are following closely behind. 00:16 Typhoon Saola was the strongest typhoon to hit Guangdong this year. 00:34 The triple typhoon threat caused extensive flooding and urban inundation in Guangdong and Guangxi. 01:26 Safety measures were initiated, including halting work, businesses, transportation, and schooling. 02:07 🌀 Typhoon Silo causes severe weather conditions and widespread damage in Hong Kong and Guangdong Province. 04:14 A woman is blown away by strong wind in Hong Kong. 04:14 Fallen trees cause traffic disruptions in Shanghai City. 04:27 Seawater intrusion and flooding affect Fujian Province. 04:41 Typhoon Silo disrupts lives of nearly 450,000 individuals in Fujian Province. 06:10 Typhoon Silo causes extensive damage and evacuation in Guangdong Province. 06:54 ⛈ Severe weather events, including torrential rains and typhoons, have caused significant impact and disaster in coastal areas of Southeast China. 07:54 Guangdong and Eastern Fujian are bracing for adverse impacts and heavy rainfall. 07:54 The Central Meteorological Observatory issued a red typhoon alert. 08:07 Netizens criticize the ruling Chinese Communist Party for not addressing ongoing natural disasters. 08:31 Typhoon Siola bypassed Taiwan and headed towards Hong Kong. 09:16 Typhoon Haikui made landfall in Taiwan and was less impactful due to the central mountain range. 10:46 🌀 Taiwan has experienced a series of typhoons that have mysteriously diverted their path away from the island, leading to speculation of a protective shield. 11:52 Between 1911 and 2019, Taiwan experienced an average of three typhoons per year. 11:52 Since August 2019, 14 typhoons have approached Taiwan but veered away or were impeded by the central mountain range. 12:01 Typhoon forecast maps show unusual trajectories and near-misses of typhoons approaching Taiwan. 12:15 In 1964, Taiwan was encircled by 34 typhoons, as if protected by an invisible shield. 13:13 Recent typhoons like Typhoon Doksuri and Typhoon Kanu have bypassed Taiwan, making landfall in other regions. 14:05 🌧 Typhoon Kanu brought significant rainfall to Taiwan, replenishing major reservoirs. 15:36 Typhoon Kanu aided in refilling Taiwan's reservoirs and brought nourishment. 15:36 Only a handful of typhoons in China have hit with a force of 17 level winds or higher. 16:10 Guangdong has been the region most susceptible to typhoon hits. 16:57 A significant shift in Taiwan's public sentiment occurred after the anti-extradition bill protest in Hong Kong. 17:19 Some netizens believe that increasing disasters will persist as long as the Chinese Communist Party remains in power.
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  155. Triple Typhoon Devastation in China: Tofu-Dreg Drainage System Collapse Leads to Submergence of Major Cities ⛈ China's northern and northeastern regions, including Hebei, have been devastated by floods, with heavy rainfall causing severe urban flooding and displacement of residents. 00:30 Videos captured in Hebei show submerged areas with water reaching half a meter deep. 00:30 Displaced flood victims lack proper relocation and basic living assurances. 01:12 15 provinces in China, including Hunan, Jiangsu, and Zhejiang, have been hit by heavy to torrential rain. 01:49 Severe flooding in Zhangjiajie, Hunan resulted in evacuations, geological disasters, and road closures. 02:06 Jiangsu and Zhejiang provinces issued multiple meteorological warnings due to intense rainfall and urban flooding. 03:26 ⛈ Typhoon Saola and other weather events bring heavy rain and flooding to China. 04:16 Typhoon Saola is moving towards Taiwan and may make landfall in Guangdong. 04:16 Typhoon Saola, Doksuri, and Haiwei form a triangular interaction, causing uncertainty in their paths. 04:44 A southwestern vortex causes heavy rain in Sichuan, Henan, and Chongqing. 05:01 The Three Gorges Dam prepares for the largest flood of the year. 05:41 Recent heavy rainfalls lead to flooding and damage in Fujian, Guangdong, and Shenzhen. 06:27 🌧 China's inadequate drainage systems and outdated design standards result in frequent urban flooding during heavy rainstorms. 07:52 Many cities in China are designed to handle a 100-year event or even just a 50-year event, while this year's rainfall in Beijing and Hebei occurred once in 140 years. 07:52 Most cities in China design their drainage systems based on a one-year recurrence standard, lagging behind developed countries by about 30 years. 08:03 China's drainage technology is based on former Soviet standards, which are outdated compared to Western developed countries. 08:18 China's low drainage design standards can be attributed to the neglect of scientific approaches to drainage system construction by the Soviet Union. 09:30 The diameter of drainage pipes in China is determined by the political significance of the area, rather than flood risk levels or scientific considerations. 10:04 🌧 Officials in the Chinese Communist Party prioritize personal gains over the well-being of the public, resulting in poorly built drainage systems and subpar construction quality. 10:52 Visible construction projects often cut corners, and underground drainage works are shoddily built. 10:52 Officials tend to favor surface-level aesthetic projects over drainage design. 11:14 Municipal departments choose the least costly options for drainage projects, leading to small pipe diameters and minimal drainage outlets. 11:40 Contracts for municipal projects are often awarded based on connections, resulting in kickbacks and subpar construction quality. 12:06 Officials prioritize launching larger projects with lucrative returns instead of investing in underground drainage projects. 12:28 🌊 Chinese cities are experiencing rapid growth of impermeable surfaces, leading to the decline of aquatic ecosystems and increased urban flooding. 14:18 The impermeable surface area in Chinese cities is growing at a rate of 6.5% annually. 14:18 The number of lakes in Wuhan has significantly decreased from 2002 to now, leading to urban flooding issues. 14:52 Conflicts between different underground infrastructure projects in China are frequent and deep-seated due to lack of unified planning. 15:32 Each sector of underground infrastructure operates independently, causing roads to be frequently dug up and refilled. 16:20 Underestimation of population growth and water discharge exacerbates challenges in maintaining and renovating municipal networks.
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  196. 4:02 this lady is very brave and bold for speaking about her personal experiences, her life and this situation whilst living in the People'S R. of China.🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳 😔 China's abandonment of strict COVID-zero policies has led to a grim economic downturn with a large number of shops closing down and increasing homelessness. 00:00 Chinese government suddenly abandoned its stringent covid zero policies 00:00 Emergence of vast numbers of homeless unemployed 00:34 Deserted streets and closed shops in Shangxiajiu, Guangzhou 01:13 Depression in Shenzhen and Shanghai with lack of people and business activity 01:51 China's state media propagating reports about struggling living conditions in Western countries 02:44 Massive Store Closures and Unemployment in Shanghai and Shenzhen: The Great Depression Hits China as the Economy Crumbles and Middle-aged Workers Bear the Brunt 🌍 China's economy and food chain are in serious trouble, with a growing number of adults going hungry and job opportunities diminishing. 03:15 One-seventh of the UK population can't get enough to eat. 03:15 China's economy and food chain are in trouble, leading to an impending famine. 03:31 Workers in Beijing face difficulties finding jobs and are paid low wages. 06:57 A manager earning a high salary struggled to find work after losing his job at 45. 09:27 Chain stores like KFC, Pizza Hut, IKEA, and Starbucks are not hiring middle-aged workers in China. 10:03 👴 Middle-aged unemployment in China is a significant issue, with a growing number of unemployed individuals and a greater impact on society than youth unemployment. 10:39 The middle-aged unemployed in China is a growing problem, comparable to youth unemployment. 10:39 Middle-aged unemployment has a significant impact on society and the country. 10:56 A large number of enterprises were deregistered and bankrupt in China. 11:14 The national urban surveyed unemployment rate in China is 5.2%, with a high unemployment rate for the 16-24 year-old labor force. 11:35 China's current unemployment statistics are inaccurate due to low official employment standards, data bias, and difficulties capturing the true employment situation of flexibly employed individuals. 12:16 📉 China's economy is facing challenges as unemployment rates rise and key economic indicators decline. 13:49 Unemployment rates in China have reached 6.2% to 7.5% of the total labour force. 13:49 Structural imbalances in the Chinese economy, high debt-driven infrastructure construction, and decline in export trade volumes contribute to the economic challenges. 14:11 In the first quarter of 2023, China's GDP increased by 4.5% year-on-year, but skepticism remains due to government data reliability concerns. 14:44 Significant declines were observed in major economic indicators in the second quarter, including a decrease in exports and retail sales growth below expectations. 15:25 Real estate investment and private fixed asset investment have declined, indicating weakening corporate confidence. 16:09 📉 China's consumer spending is not strong enough to drive GDP growth, and the government's attempts to stimulate the economy have been ineffective. 17:09 Consumer spending in China is not strong enough to push GDP growth to 5% or 6%. 17:09 China's chronic issue is its high household leverage ratio, which is the root cause of the demand problem. 18:03 Calls for saving the real estate market to revive domestic demand. 18:20 Beijing authorities have acknowledged the economic challenges and attempted to stimulate the economy through interest rate cuts and printing currency. 19:14 The government lacks funds, businesses are strapped for cash, and consumers have savings but are hesitant to spend. 20:02 😔 China's economy is facing challenges and it is difficult to be positive at the moment. 20:19 Stimulating consumption is unfeasible due to the bleak overall environment. 20:19 Wall Street banks have lowered their forecasts for China's economic growth in 2023. 20:37 Q1 2023 data shows impressive growth of 4.5%, surpassing expectations. 21:17 Achieving a GDP growth target of 5% seems achievable considering previous stagnation. 21:37 Many realize that going back to the way things were is not possible. 21:55
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  209. 00:00 Chinese Ren'minbi fell below 7.27 against the US Dollar, while offshore Remy broke through 7.28 resistance level. 00:00 Russia dumped 4.5 billion US dollars worth of RMB, shrinking its reserves by a third. 00:19 Chinese Central Bank aimed to hold its ground in the Foreign Exchange Market but faced unexpected impact. 00:34 Leadership shakeup in the People's Bank of China indicates dissatisfaction with the exchange rate. 00:56 China may need to make significant adjustments to economic policies. 03:26 💰 Russia's sale of the Chinese yen to stabilize the rubble exchange rate is driven by economic sanctions and the need to sustain military and economic operations. 03:40 U.S entities are prohibited from engaging in transactions with the Central Bank of Russia and transactions involving the Russian Ministry of Finance and the national wealth funds. 03:40 Russian Central Bank sold 4.4 billion yen from the national wealth fund to stabilize the rubble exchange rate by buying USDollars, euros, and pounds sterling. 03:56 Russia uses the Chinese yen as an intermediary currency due to Western sanctions and the inability to directly exchange with the US dollar. 04:29 Western sanctions have capped the price of Russian oil, leading to a decrease in oil revenues and potential financial instability. 04:43 Russia's financial needs in the conflict in Ukraine and the depletion of ammunition inventory necessitate the procurement of supplies despite international financial sanctions. 05:48 📉 China's restriction on Russian accounts prevents Russia from exchanging U.N for US dollars, revealing China's short-sightedness and indirect support for Russia's war in Ukraine. 06:59 China's restriction on Russian accounts prevents Russia from exchanging U.N for US dollars. 06:59 China's short-sightedness and indirect support for Russia's war in Ukraine is revealed. 07:14 Russia finds new ways to obtain foreign currency through underground transfers and currency swap agreements with China. 07:22 China's promotion of the internationalization of the UN is exploited by countries with currency swap agreements. 07:44 Russia holds a trade surplus with China and has the potential for further sell-offs of U.N. 08:44 😰 China's foreign exchange reserves may not withstand the devaluation of the offshore market and the conversion of yen to US dollars, leading to doubts about its ability to handle the pressure. 10:40 China's usable foreign exchange reserve amount is only 730 billion when considering external debts that need to be repaid in the next 12 months. 10:40 The preference for the US dollar over the UN among the Chinese population is a growing concern due to the high interest rate offered on US dollar deposits. 12:08 China still heavily relies on the US dollar despite being the world's second largest economy. 12:37 China's current economic structure is primarily driven by real estate and exports, contrasting with the strong development witnessed in skyscrapers and infrastructure projects. 13:07 China's massive debt of over 300 trillion yen has created an illusion of exceptional prosperity, but repaying these debts is becoming difficult. 13:39 ⚠ China's economic instability and lack of long-term economic policies are causing anxiety in the United States. 14:25 China's manufacturing industry is being replaced by Southeast Asian countries and the resurging U.S manufacturing industry. 14:25 China lacks a new economic development model and long-term economic policies for 10 to 20 years. 14:31 China is experiencing a period of transition and confusion with a lack of consistency in economic policies. 14:38 Domestic authoritarianism in China has led to a series of crises in international relations. 14:47 The United States is concerned about China's economic downturn and is attempting to establish communication with the CCP to prevent unpredictable problems. 15:41
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  210. The Deserted and Demolished Industrial Areas of Shenzhen: A Relic of the World’s Factory, Leading to Urban Depopulation and Economic Crisis 🏭 Shenzhen's industrial areas deserted and demolished, leading to urban depopulation and economic crisis. 00:00 Industrial areas in Shenzhen deserted and demolished 00:00 Factories and shops closed, leaving empty spaces 00:09 Exodus of migrant workers due to factory relocation 00:34 Urban villages quieter with fewer people and closed businesses 01:55 Shenzhen's transformation from small town to megacity 03:02 Severe crisis of population outflow and falling housing prices 03:44 🏭 Shenzhen's industrial decline leads to job loss and housing price drop, causing migrant worker exodus. 03:58 Migrant workers returning home cause quiet communities 03:58 Housing prices in Shenzhen drop by 30-55% 04:40 Population exodus and industry hollowing out lead to severe job loss 05:25 Many mid-level enterprises move out or shut down 06:16 Job hunting becomes increasingly difficult for migrant workers 07:06 🏭 Shenzhen's manufacturing industry undergoes significant changes, leading to closures and relocations. 07:41 Relocation of manufacturing industry in Shenzhen began in 2008 07:41 Shift from low-end industries to Finance, real estate, and Technology R&D companies 07:54 Pressure on manufacturers to relocate due to land development plans 08:56 Proactive shift in manufacturing due to China-US trade war 09:37 Global manufacturing industries seeking alternatives to China 10:20 Frequent closures and relocations of long-standing companies in Shenzhen 10:48 Examples of major manufacturers ceasing operations in Shenzhen 11:36 🏭 Shenzhen's economic shift leads to deserted factories and struggling city 11:59 Hong Kong funded company ceases operations 11:59 High vacancy rate in office buildings and fake headquarters exploit tax incentives 12:48 Shenzhen experiences negative population growth for the first time 14:00 City officials promote industrial city again, inviting back previously forced out companies 14:20 Shenzhen struggles to attract foreign investment and maintain appearances 14:59 Largest cultural and tourism night market becomes deserted just 4 days after opening 15:06 Video blogger showcases deserted night market with empty stalls and few visitors 15:27 🏭 Shenzhen night market deserted after factories and urban villages demolished, sparking controversy. 15:50 Night market deserted after factories and urban villages demolished 15:50 Video sparked controversy over timing of visit 15:57 Market remained deserted during busiest time visit 16:04 Empty stalls and deserted streets observed in the market 16:12 Former Mercedes-Benz 4S store transformed into night market 16:55 Government's creation of night market seen as political task 17:15 Discontent expressed over the pointlessness of night market without factories 17:30
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  234. 🎃 Chinese youths in Shanghai use Halloween costumes to satirize political authority. 00:00 Chinese youths in Shanghai don satirical costumes during Halloween to make a statement about political authority. The costumes included a woman dressed as a funeral wreath and a man dressed as a street sign with a message about missing Shanghai. The two individuals wearing the costumes were penalized by the Shanghai police, sparking online debate. 🎃 The character of Baymax, known as Big White, gained attention and popularity during Shanghai's Halloween festivities. 06:48 Big White costumes became popular among the youth, who recreated scenes from last year's mass PCR testing. President Xi Jinping is seen as responsible for the public discontent surrounding PCR testing. The shift in perception of Big White costumes reflects the Communist Party's attempt to reshape cultural memory. 🎃 Chinese youth creatively use costumes to depict social issues during Halloween in Shanghai. 10:03 Chinese youth use costumes to symbolize downturn in stock market and exploitation by authorities. Architecture student costume highlights unemployment and hardships faced by designers. Chinese singer's sign resonates with people's struggle to be themselves. 🎃 The youth of Shanghai inject new thought and energy into the struggling city on Halloween night 2023, challenging authority with humor and satire. 13:08 Halloween night 2023 in Shanghai may be remembered as a historical tableau symbolizing the turbulence under political oppression from 1840 to the 1890s. Shanghai nearly lost its prestige in the early 2020s due to prolonged comprehensive pandemic lockdowns. The youth of Shanghai have given a new significance to the Western tradition of Halloween, challenging authority with humor and satire.
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  235. Brilliant report, Lei. I watched it many times. Here are timestamps: 🔫 The People's Armed Forces, a paramilitary organization in China, has been reestablished by state-owned enterprises and colleges and universities, raising concerns about the CCP's intentions. 00:01 Concerns arise about the CCP's preparations and potential consequences. The People's Armed Forces had faded out since the 1990s but has recently returned. Shanghai Municipal Urban Investment Group established its People's Armed Forces Department. 💣 China's military training exercises and suppression of social unrest increase the risk of war in the Taiwan Strait and aim to address financial problems and the real estate bubble fallout. 03:17 China's military training exercises on college campuses increase the risk of war in the Taiwan Strait. Beijing's goal is to suppress domestic social unrest following the real estate bubble and financial meltdown. China is facing financial problems including local government debt, a banking crisis, and the insolvency of trust companies, leading to potential losses for millions of people. 🚨 The Chinese Communist Party uses military training on college campuses to prepare for social unrest caused by a financial meltdown. 07:44 The CCP manages comprehensive disaster prevention, mitigation, and emergency rescue in the city with 7 emergency response teams. Military training at Yunnan Chuxiong Teachers' College involved students acting as disgruntled citizens protesting and armed military forces arresting them. The CCP's use of force to maintain power is extended into companies and schools, but there is a risk involved.
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  244. 🚗 Foreign car brands are losing ground to China's homegrown car manufacturers in the Chinese market. 00:12 Acura, Honda's luxury arm, withdrew from the Chinese market in 2023 after facing consistent sales challenges. Several other joint venture foreign brands, including Suzuki and Mitsubishi, have also left the Chinese market. While foreign brands are struggling in China, they are thriving in other countries. 💼 The EU is investigating China's electric vehicle subsidies, posing a challenge to BYD's European aspirations. 03:27 BYD and other Chinese brands face challenges in global markets, including high tariffs and skepticism over battery technology. BYD has an advantage in Africa and Russia due to transactions being done in Chinese yuan. Chinese electric cars hold an 8 percent share of the European market, but this advantage may soon disappear if anti-dumping and counter-subsidy investigations go against Chinese manufacturers. 🚗 BYD, a Chinese electric vehicle manufacturer, is struggling to meet sales targets despite government support and faces competition from Tesla, Toyota, Volkswagen, and others. 06:39 BYD's sales of electric vehicles and hybrids lag behind Tesla and Toyota. Competition from giants like Tesla, Toyota, and Volkswagen pose significant challenges for BYD in the electric vehicle market. Consumer skepticism and inadequate charging infrastructure are challenges for BYD's plug-in hybrids. 🚗 BYD's profitability heavily relies on subsidies and lags behind global giants like Tesla and Toyota. 09:35 60% of BYD's net profit comes from subsidies. BYD sold roughly 2.5 million units in 2023 up to June 30, while Tesla sold about 1.6 million units. Traditional automotive powerhouses like Toyota and Volkswagen dominate the global market. 🌍 Many businesses are considering expanding their operations outside of China due to geopolitical tensions and evolving domestic policies. 13:15 Hyundai Motor Group's sales in China declined due to geopolitical tensions and competition, but they have found success in India and Southeast Asia.
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  254. As I've said for years, Artsakh and Armenians can only rely on other Armenians, and only a minority of Armenians who truly care, for the most part. Timestamps: ✅ Armenia and Azerbaijan are negotiating the administration of Nagorno-Karabakh after an unconditional surrender by Armenia. 00:26 Armenia and Azerbaijan are negotiating the administration of Nagorno-Karabakh. There are calls for the Armenian authorities to step down, but they refuse. The ceasefire announcement was actually an unconditional surrender by Armenia. 🌍 The conflict in Armenia and its implications for joining NATO and the EU. 02:57 Armenia's Prime Minister, Pashinyan, wants to join the European Union and NATO, but it may not work out due to the region's geopolitical challenges. During the 2008 Georgia crisis, Georgia's attempt to join NATO and the EU was hindered by conflict with Russia, highlighting the dominance of Russia in the region. Armenia faces hostility from Turkey and is surrounded by dominant powers such as Russia and Iran. 🌍 Armenia's alignment with the United States could leave it vulnerable in the region, as Russia is the only player that can guarantee its safety and sovereignty. 05:58 Armenia's alignment with the United States could leave it vulnerable in the region. Russia is the one player in the region who can guarantee Armenia's safety, security, and sovereignty. Armenia's strategy of isolating itself from Russia may not be successful as other countries may not come to its rescue. ! Powerful people are feeding leaders in Georgia ideas of becoming part of Western Europe, but they are toxic and don't realize it. 08:45 The attraction to become part of Western Europe remains strong in Georgia. Powerful people are influencing Georgian leaders through connections to NGOs, institutions, and politicians. Western NGOs in Georgia are relentlessly promoting the idea of joining Western Europe. 🌍 The video discusses the influence of certain factors on the political outlook of countries like Georgia, Armenia, and Ukraine, including the media, diaspora communities, and financial support. 11:22 The media in Georgia, Armenia, and Ukraine is skilled at promoting certain stories and shaping public opinion. Diaspora communities, particularly in the United States, Canada, and France, play a significant role in supporting and influencing the political direction of their home countries. Financial support from wealthy individuals within diaspora communities also contributes to shaping the political landscape of Georgia, Armenia, and Ukraine.
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  256. 😔 The real estate market in China is experiencing a significant decline, causing financial difficulties for homeowners. 00:36 A young man is unable to sell his condo suite at a price that covers his remaining loan balance and down payment. 00:36 Housing prices in second and third tier cities, like Shanghai and Beijing, have dropped by up to 50-65%. 01:32 A friend of the videographer bought a condo unit in Beijing for 2.1 million yuan, but can only sell it for 800,000 yuan, resulting in additional debt. 02:57 The videographer also experienced a significant loss in property value for his property in the outskirts of Beijing. 03:37 The real estate market in Beijing is entering a downward trend, with a high number of pre-owned properties listed for sale. 04:04 Homeowners in China Struggle to Sell Houses as Resale Market Plummets by 65%, Prompting Government Intervention 🏢 The Chinese real estate market is experiencing significant price declines, but official data contradicts claims of drastic drops. 05:06 Many claim property prices have dropped by 20-50%, but official data shows a decline in new and resale housing prices. 05:06 Pre-owned residential properties in first-tier cities decreased by 0.4% YoY, while second and third-tier cities saw larger decreases. 05:42 Shanghai had the highest month-on-month decline in pre-owned residential prices at 1.2%. 06:04 The CCP's official data is often manipulated and beautified, leading to doubts about its accuracy. 07:16 The Chinese authorities use propaganda and censorship to control the narrative around the real estate market. 09:03 🏢 Real estate agents in Shenzhen are facing a challenging survival situation due to low transaction volumes and reduced income. 09:43 In the first half of this year, Shenzhen agents sold a total of 20,000 resale homes, with an average monthly transaction volume of 0.09 homes per agent. 09:43 The newcomer rate in the Shenzhen intermediary industry was approximately 21.6% in the first half of this year, compared to 49.3% in the booming market of 2020. 10:28 The volume of second-hand housing transactions in Shenzhen has been declining since 2020, with only around 21,000 units sold in the first half of this year. 11:33 There have been cases of homeowners giving away properties in Shenzhen, possibly due to potential mortgage defaults. 11:52 Factors affecting home buyers' entry into the market include lack of confidence in economic recovery, employment pressure, declining income expectations, and weak property price expectations. 12:46 📉 The Chinese real estate market is experiencing a decline in transaction prices, sluggish volume, and a rise in unsold properties, leading to concerns of oversupply and potential defaults. 13:34 The average transaction price of pre-owned properties in Shenzhen has decreased by 7% year-on-year. 13:34 The overall stock of unsold residential properties in China has exceeded 650 million square meters. 14:02 68 out of 100 cities in China have an inventory digestion period of more than 14 months, indicating challenging sales conditions for housing in nearly 70% of the cities. 14:24 The number of newly listed pre-owned homes in Beijing has reached a multi-year high, leading to a stagnation between buyers and sellers. 14:46 The market is increasingly convinced that the second wave of defaults by Chinese real estate companies is imminent, which could further damage economic confidence. 15:38 🏢 The Chinese real estate market is facing challenges due to factors like unemployment, declining income, and lack of confidence, prompting intervention from the government. 18:17 The People's Bank of China and the China Banking and Insurance Regulatory Commission have extended the deadline for financial institutions to support the real estate market. 18:17 The policy extension allows real estate companies to extend debt repayment and exempts relevant institutions and personnel from responsibility for non-performing loans. 18:29 The government is willing to sacrifice bank interests to save the real estate market and financially support local governments. 19:11 Over 70% of China's housing prices consist of land costs and government fees, which contribute to local government revenue. 19:25 The real estate sector has a significant impact on 40+ upstream and downstream industries, affecting government fiscal revenues. 19:45
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  285. 😢 Taiwanese businesses are withdrawing from Kunshan, causing worry among the local population. 00:00 Kunshan was known as 'Little Taipei' due to its high concentration of Taiwanese investment. Kunshan has been the strongest economic powerhouse at the county level in China, known as a 'world factory'. Taiwanese investments have contributed significantly to Kunshan's prosperity, but now there is a surge in Taiwanese businesses pulling out. 📉 Suzhou's economy is severely impacted by the withdrawal of Taiwanese businesses, leading to a significant decrease in GDP growth. 04:17 Suzhou's GDP increased by only 1.9% year-on-year in the first quarter, with the secondary industry shrinking by 0.7%. The value added of industries above designated size in Suzhou city decreased by 2.7% year-on-year. Suzhou fell from the sixth place to the seventh in the national GDP rankings for the first quarter, with the second-lowest year-on-year growth rate among the top ten cities. 😔 The economic downturn in China has led to joblessness and homelessness, particularly among young individuals in Kunshan. 07:37 Many young individuals are forced to sleep in the park due to lack of affordable accommodation. Taiwanese businesses pulling out of Kunshan has contributed to the job crisis. Kunshan's high GDP is powered by numerous foreign enterprises, including Taiwanese companies. 📉 Due to a decline in factory shipments and challenging business environment in mainland China, there are no job opportunities available currently, and Taiwanese factories are diverting orders to Vietnam and India. 10:39 No jobs available due to decline in factory shipments and performance. Shipment volumes in Q1 2023 decreased by at least a third compared to last year. Taiwanese factories are diverting orders to Vietnam and India due to geopolitical tensions. 😔 Li Mengju's experience of being labeled a spy and forced to confess highlights the lack of freedom and personal safety in China. 14:49 Li Mengju would not consider going to China again unless there were significant changes. Li Mengju's life and work were interrupted for four years after taking unauthorized military pictures. Li Mengju was unjustly labeled as a 'Taiwanese spy' and forced to make a critical video confession.
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  309. 🌏 The video discusses the shift of global power from the British and American centuries to the rise of Asia, particularly India and China, in the 21st century. 00:23 The 21st century is referred to as the Asian century due to the rapid rise of China, India, and other East Asian economies. India and China are expected to be the driving forces of global growth, despite facing their own unique challenges. Both India and China have experienced significant economic growth, but they also face fundamental problems and uncertainties about their future. 🇨🇳 In the 1960s, China's centrally planned economy led to inefficiencies and man-made disasters, but after Mao's death, Deng Xiaoping implemented reforms and opened up the country to foreign investment. 04:48 China had a centrally planned Soviet-style economic model with rigid controls, leading to inefficiencies and disasters like the 1959-1961 famine. Deng Xiaoping took over in 1978 and implemented reform and opening policies, including allowing product ownership and foreign investment, and normalized diplomatic relations with the United States in 1979. 📈 The video compares the economic development of China and India, highlighting the significant difference in their GDP and growth rates. 09:47 China's GDP was roughly five times the size of India's, with a much higher GDP per capita. Chinese economy experienced explosive growth, doubling in size every 8 years, while India's growth never approached China's peaks. Chinese growth story was built around a low-cost manufacturing boom. 📉 The video discusses the unfinished policy reforms and privatization in India, compared to China's more effective reforms but challenges with population collapse. 14:33 India's reform process is still ongoing and hindered by lack of political will and opposition to privatization. China's effective reforms have led to economic growth, but they now face the challenge of population collapse. China's advantage of a young trainable population is fading as the population ages and is not being replaced at the same rate. 📉 India's economic challenges, including weak infrastructure, trade protectionism, and foreign investment barriers, hinder its growth potential. 19:16 India's weak and inept infrastructure, lack of financing, red tape, and bureaucracy are hindering its growth. India's trade protectionism and refusal to join global trade agreements limit its ability to benefit from global technological growth. Indian protectionism has disallowed the nation to benefit from global technological growth.
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  311. Timestamps for (Title): Xi Jinping's Missteps: Escalating Tensions, External Aggression, Economic Turmoil, and Impending Collapse Threaten Societal Order 🇹🇼 Tensions rise as China intensifies plans for invasion of Taiwan. 00:00 PLA carries out military drills near Taiwan, hinting at reunification with mainland China. 00:00 Taiwan's Foreign Minister responds to CCP's threats, emphasizing citizens' right to decide their own future. 00:42 CCP leadership has long aspired to 'liberate' Taiwan, with Xi Jinping prioritizing it on the agenda. 01:02 Xi's assertive policies favoring state-owned enterprises pose challenges to consistent economic growth. 01:36 Amid domestic challenges, Xi adopts a 'wartime regime' approach, stirring tensions in the Taiwan Strait. 02:08 Xi's emphasis on a 'domestic economic cycle' indicates a shift away from foreign investment and markets. 02:27 China's war economy aims to prevent implosion and defeat, with Taiwan being a coveted region. 03:27 🇹🇼 Taiwan's economy, trade, and strategic importance in East Asia. 03:58 Taiwan has a population of 23 million and a GDP of 761 billion US dollars. 03:58 Taiwan's foreign exchange reserves amount to approximately 567 billion US dollars. 04:23 Taiwan's electronics industry, including TSMC, plays a pivotal role in the global economy. 04:44 Mainland China is Taiwan's largest trade partner, with over 40 percent of Taiwan's total exports going to China. 05:04 Taiwan has a distinct developmental trajectory from Mainland China and has open social freedoms and well-preserved traditional culture. 05:24 Taiwan's geographical location in the Western Pacific holds strategic importance for the international community, particularly the United States. 05:57 Controlling Taiwan provides leverage over the maritime routes of Japan and Korea and could help breach the first island chain. 06:47 🌍 China and Russia's alliance is tenuous, while the US takes actions to limit Chinese influence and strengthen alliances in the face of threats. 07:55 China does not object to Ukraine reclaiming Crimea, but differences persist with Russia. 07:55 China and Russia have a history of mutual distrust and territorial disputes. 08:50 US restricts investment in Chinese industries and strengthens alliances with Japan and South Korea. 09:43 US ban on investment in Chinese industries may impact China's investment climate. 10:16 US-Japan-South Korea summit aims to counter threats from China and North Korea. 10:51 US political spectrum leans towards containment and confrontation with China. 11:07 Regardless of the 2024 election outcome, US policy towards China is unlikely to change significantly. 11:24 💡 Analysis of the CCP, Taiwan's political landscape, and China's dependence on resources and technology. 11:41 The Chinese Communist Party (CCP) should be distinguished from the Chinese people, and opposition to the CCP does not mean opposing China as a nation. 11:41 Taiwan's upcoming presidential election in 2024 sees the emergence of a third-party force represented by the People's Party. 11:57 Former Taipei Mayor Ko Wen-je emphasizes the importance of Taiwan's role in ushering China into the global community of civilized nations. 12:14 It is irrational to view all 1.4 billion Chinese people as adversaries, and having more friends than enemies is a strategic principle. 12:48 The purported alliance between China and Russia may not be as solid as presented, while the international community led by the U.S. imposes comprehensive sanctions on China. 13:23 China's reliance on imported grains and energy, as well as its dependence on high-end technologies controlled by Western companies, pose concerns. 13:57 History shows dictators using wars to fuel nationalist sentiments and consolidate power, as seen in Deng Xiaoping's campaign against Vietnam. 15:12 🇨🇳 Xi Jinping faces pushback from the international community and within the CCP, with key military targets and personnel at risk. 15:32 Deng strategically chose to engage in a limited conflict with northern Vietnam to strengthen his position within the party and foster goodwill with the United States. 15:32 Xi Jinping faces multidimensional pushback from the US and rising public discontent domestically. 16:09 Opposition to Xi Jinping is believed to stem from within the Chinese military. 16:25 The China Aerospace Studies Institute revealed detailed data on the PLA's Rocket Force, suggesting key military targets and personnel are within the US military's reach. 16:45 Xi Jinping elevated Wang Hou Bin to Commander of the Rocket Force and Xu Xi Sheng to Political Commissar of the Rocket Force. 17:05 Former Rocket Force Commander Li Yu Chao was taken away, possibly due to leaks from his son in the US. 17:42 The Chinese Communist Party implemented an 'Anti-Espionage Law' to strengthen the 'hidden front'. 18:21
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  314. Massive Blizzard in Northeast China: Houses Crumble and Locals Brave Snow to Unearth Buried Cars ❄ A winter blizzard hits northeastern China, causing heavy snowfall and disruptions in transportation. 00:10 The snow has entered houses and company computers due to open windows during the blizzard. 00:10 The snow has blocked doors and roads, making it difficult to leave the house or go to school. 01:34 The blizzard is the widest and most intense snowfall of the winter, leading to cancellations of trains, flights, and school closures. 02:34 People are stranded at train stations and airports, unable to continue their journeys. 02:58 Locals in affected areas are digging out their cars from the snow, sometimes mistaking the wrong vehicle. 03:55 The meteorological station issued warnings for cold wave, blizzard, strong wind, and convective weather. 04:31 Continuous snowfall is expected in certain regions with new snow depths ranging from 2 to 10 cm. 04:51 ❄ A severe blizzard hits northeastern China, causing transportation disruptions and structural collapses. 06:40 Blizzard in northeastern China potentially breaking historical records. 06:40 Closure of schools, kindergartens, and training centers in affected areas. 07:12 Gymnasium collapses in halong Jang, trapping and injuring several people. 07:36 Rescue operation at the collapse site completed with three confirmed deaths. 08:05 Explosion at a gymnasium in Uyghur, causing further destruction. 08:26 Student recalls the collapse incident and the rescue efforts. 08:36 One person rescued after the collapse. 09:19 🏢 A gymnasium in Northeast Asia collapsed due to heavy snowfall, trapping people inside and causing severe injuries. 09:51 Witnesses reported hearing a loud noise and seeing the roof of the gymnasium collapse. 09:51 Rescue efforts were underway, with people being rescued from the collapsed building. 10:28 Officials suggested that the roof collapse was due to the heavy snowfall. 11:09 Some residents and netizens questioned the explanation, pointing out that nearby greenhouses remained intact. 11:32 Netizens expressed anger and called for a strict investigation into the construction and regulatory departments. 12:21 💔 The collapse of a sports club in Halon J, China, is believed to be related to heavy snow and poor management, highlighting potential corruption and lack of enforcement of laws. 12:52 The collapsed uron Sports Club was a single-story structure in the western part of yur Chung Square. 12:52 The construction company involved was halong Jangang Building Installation Engineering Company Limited. 13:10 The club passed inspection in July 2020 but collapsed under heavy snow. 13:23 The urong plaza where the gymnasium is located had undergone multiple safety inspections but couldn't prevent the incident. 13:48 The developer of the venue, halong J Province Yong Real Estate Development, was deregistered in 2022. 14:06 The company's legal representative, Wly Chen, was involved in construction contract disputes and had a hidden identity as a retired official. 14:19 The case highlights potential collusion between government officials and businessmen, making it difficult for ordinary citizens to achieve justice. 14:52 💔 Corrupt construction projects in China pose a constant threat to public safety and have resulted in various incidents, including the collapse of buildings and power outages. 15:34 The winning bidder for the gymnasium in Halong Jang was a construction company with a history of winning school construction projects. 15:34 The deregistered Halon J Province yurong real estate development company had won bids for multiple municipal and affordable housing projects. 15:52 The blizzard on November 7th exposed the poor construction of various projects in Halong Jang, including a collapsed funeral home and cracked student dormitory walls. 16:06 The blizzard also caused power outages in many areas of Northeast China, affecting numerous substations. 16:37 The actual number of people affected by the power outage is unknown due to incomplete and inaccurate data. 17:01 The corrupt construction projects not only fail to protect lives and properties during extreme weather conditions but also create more problems. 17:13
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  316. ⛈ Chongqing, located in the Three Gorges reservoir area, has been hit by heavy rainfall causing floods, landslides, and mudslides, resulting in severe damage to local houses. 00:17 Wanzhou District in Chongqing has been hit the hardest by the heavy rainfall. 00:17 The Three Gorges Dam has not fulfilled its role in disaster mitigation and has exacerbated the impact of the heavy rainfall. 00:33 Wanzhou District upgraded its flood prevention response to Level II emergency. 01:09 Over 2,600 residents were evacuated in Wanzhou District. 01:28 The flooding in Wanzhou District is considered a man-made catastrophe linked to the Three Gorges Dam. 02:59 The $28.3 Billion USD Three Gorges Dam Fails, Unveiling 7400 Hidden Disaster Risks: Heavy Rainfall Triggers Catastrophic Flooding and Landslides in Chongqing ⚠ The construction of the Three Gorges Dam has caused significant changes in the natural conditions of the area, resulting in increased likelihood of natural disasters like landslides occurring. 03:33 The impoundment of the Three Gorges Dam has altered the stability of the reservoir banks, increasing the risk of landslides. 03:33 Urban development and real estate expansion have narrowed river channels, leading to immediate flooding during heavy rainfall. 04:05 Since the impoundment of the Three Gorges Dam, there have been numerous geohazards along the Yangtze River and its tributaries. 05:11 In the first 11 months after impoundment, there were nearly double the number of collapses and landslides compared to the previous year. 05:29 The Qianjiangping Village landslide, which occurred shortly after impoundment, resulted in 15 fatalities and significant destruction. 05:49 🌊 The filling and discharge of the Three Gorges Reservoir leads to increased geological hazards and landslides. 07:04 The material at the front edge of the landslide was eroded by reservoir water, causing a decrease in strength. 07:04 The filling of the reservoir from September to November and discharge from February to May increases the occurrence of geological hazards. 07:20 In 2008, over 100 newly occurring geological hazards were recorded when the reservoir attempted to reach a water level of 175 meters. 08:13 Reaching the 175-meter water level would improve navigation conditions upstream but introduce significant fluctuations in the Yangtze River's water level. 08:53 Over 5,000 geological hazard sites have been identified in the Three Gorges reservoir area. 09:46 🚧 The Three Gorges project in Chongqing section faces increasing danger potential collapse and landslide points, despite concerns raised in the past. 10:40 Before the construction of the Three Gorges Project, experts did not raise the issue of geological hazards in the reservoir area. 10:40 Opponents of the project warned about complex geological conditions and potential landslides in the reservoir area. 11:37 Dissenting voices were suppressed, and a book highlighting concerns about the project was censored and removed. 12:11 Jiang Zemin violated the commitment not to discuss the project within five years and expressed support for its construction. 13:04 Technical leader Pan Jiazheng presented a feasibility study report on the project to the State Council in 1990. 13:21 🌊 The Three Gorges project in China experienced numerous collapses and landslides, but officials downplayed the risks to push for its construction. 13:39 Approximately 140 large and medium-sized collapses and landslides occurred, with 14 being in poor stability conditions. 13:39 Vice Premier Zou Jiahua stated that the reservoir banks had good stability and no significant leakage or erosion issues. 14:17 The Three Gorges area is prone to frequent geological disasters due to complex geological conditions and heavy rainfall. 15:07 The feasibility study leadership group and technical personnel deceived the public to expedite the project. 15:44 Professor Liu Guangrun played a key role in studying the geological and seismic issues of the reservoir area. 16:01 🌊 The stability of the Three Gorges reservoir banks is deteriorating, leading to frequent landslides and collapses. 17:12 Reservoir filling and elevation change led to a change in evaluation of the stability of the reservoir banks. 17:12 2,490 landslides and collapses were reported in the Three Gorges reservoir area, with 581 needing attention at a water level of 135 meters. 17:27 The deterioration of the reservoir banks is a major factor in frequent geological hazards. 18:03 The cyclic rise and fall of the reservoir water level causes damage to the rock masses and soil in the drawdown zone. 18:22 Immediate engineering measures are suggested to reinforce the deteriorated rock masses, with estimated costs ranging from 5 to 10 million yuan per 100 meters. 19:29 😕 The Three Gorges Follow-up Work Plan for effective management of geological disasters related to the Three Gorges project has received a staggering investment of 123.8 billion yuan, with the collection of funds extended multiple times. 20:22 The State Council approved the Three Gorges Follow-up Work Plan in May 2011. 20:22 The total investment in the plan amounted to 123.8 billion yuan. 20:39 The collection of the fund was extended until 2025 based on a suggestion. 21:01 In 2023, another extension of the fund collection was proposed. 21:20 Experts and academicians may have withheld the truth about landslides and collapses in the reservoir area to ensure the implementation of the project. 21:36
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  342. Brill, video absolutely brilliant. Fantastic information. Thank you very much. Below are the timestamps you wanted: 🐷 Farmers in China are using hair dye and paint to transform white pigs into black ones for higher prices. 00:14 Black pork is significantly pricier than white pork in China. Some vendors are brushing paint onto pork to make it appear as premium marbled pork. Unscrupulous sellers are using unidentified black liquid to make tofu appear fermented. ! China's knock-off culture extends to military equipment, electric vehicles, and iconic Western franchises like KFC. 07:52 China's first self-developed aircraft carrier, the Shandong, is based on a Russian design. Chinese electric vehicles have poor quality and frequent accidents, with 8 catching fire daily. China has numerous knock-off versions of KFC, including 'Bombing Ji' and 'Obama Fried Chicken'. ! Counterfeit products in China with humorous names and branding combinations. 11:37 Procter & Gamble's shampoo products Pantene and Rejoice have been combined into a single 'Pan-Piao' shampoo. Counterfeit brands in China include 'Content Cola', 'Pineapple Phone', 'Adi Gou Si', and 'Dasabi'. Counterfeit versions of popular products like Red Bull and walnut milk drinks also exist. 📉 Dali Foods, once a dominant player, is facing declining revenues and potential delisting from the Hong Kong stock market. 15:46 Dali Foods has failed to resonate with the market despite launching new products. Dali Foods' revenues have been on a steady decline, with almost no growth in the past four years. Rumors have been circulating about Dali Foods' potential delisting from the Hong Kong stock market.
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  343. 🏘 The housing market in Beijing's surrounding areas, like Yanel, is experiencing a dramatic plunge in prices as Beijing's property prices drop. 00:21 Housing prices in Yanel have dropped by more than 40%, with a villa's asking price going from 3.5 million to 1.5 million. In 2016, the price per square meter in Yanel reached a high of 41,000 yuan but has now dropped to 13,000 yuan. 🏢 The property market in Beijing is experiencing a significant downturn, with a high number of newly listed secondhand homes and a decrease in transaction volumes. 03:51 The number of newly listed secondhand homes in Beijing reached a historic peak of 170,000. Many homeowners in Beijing are lowering their asking prices in desperation to sell. The transaction volume of new residential homes in October decreased by 12% compared to the previous month. 😔 Shanghai's property market is in decline, with a surplus of unsold secondhand homes and decreasing demand causing prices to slide. 06:24 Shanghai's property market is experiencing a population decline and an exodus of young people and middle-class families. The supply of secondhand homes in Shanghai has reached record levels, but the demand for purchases has diminished. Sellers in Shanghai's secondhand market are struggling to close sales, with price reductions adding to their pain. 🏠 Insufficient income and high housing prices in China have led to families exhausting their finances to scrape together a downpayment. 09:23 Chinese authorities have introduced various rescue measures to address the housing market situation. Policies like acknowledging property ownership but not the mortgage aim to stimulate house sales. The economic situation in China is dire with a decline in exports, rising unemployment rates, financial trust defaults, a fall in the R&B exchange rate, and a sharp drop in the birth rate. ! The real estate market in China is facing challenges due to oversupply and decreasing purchasing power, which may lead to social instability. 12:03 The listing volume for secondhand homes is increasing, indicating a saturated market. Unfinished buildings and financial turmoil in real estate companies are expected to worsen due to the inability to sell new properties. The decline in purchasing power among Chinese citizens may lead to a contraction in national purchasing power.
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  347. 📉 The Chinese government may have manipulated economic data, with actual GDP growth being significantly lower than official figures. China's GDP is likely similar to Japan's ~and Germany's. 00:00 China's announced GDP grew at a rate of 3% in 2022 despite lockdowns in Chinese cities. 00:00 Satellite images show that economic growth in authoritarian countries is often inflated, with China's official data significantly higher than actual growth. 01:55 China's actual economic growth from 1992 to 2021 was only 2%-6%, compared to the 8%-14% announced by the National Bureau of Statistics. 02:32 Some studies suggest that China's actual GDP in 2021 may be only 40% of the official figures. 02:53 China's GDP Growth Exaggerated by the CCP, Actual Economic Expansion Only 60% of Reported Figures, Raises Concerns About Consumption and Exports Decline, Tariff Reductions Indicate Imports Drop, Widespread Data Falsification in Local Regions, Crackdown on Fabricated Statistics due to Personal Benefits and Promotion, Raises Doubts About Accuracy of GDP Data and Severity of Debt-Driven Real Estate Bubble, China's Housing Market Bubble Poses Risks to Economy and Global Situation. 📉 China's economic data raises doubts about its accuracy and suggests a decline in consumption and exports. 03:18 China's GDP in 2022 is estimated to be 7.3 trillion US dollars, significantly lower than the US GDP of 25.44 trillion US dollars. 03:18 China's government may manipulate economic data to present a more positive picture. 04:00 Actual payment system data shows a decline of at least 5% in China's consumption in 2022, contradicting the reported 0.2% decrease by the National Bureau of Statistics. 04:34 Customs data indicating a 6.8% decline in China's exports may not accurately reflect the actual situation, as export-oriented regions experienced stagnation. 05:33 Data on tariff reductions released by the Ministry of Finance suggests that China's export decline may be more severe than reported. 06:05 📉 China's tariffs have decreased by 27%, indicating a corresponding decrease in imports. 06:39 Exports and imports are interconnected, making it unlikely for exports to decline by 6.8% while imports plummet by 27%. 06:39 Data falsification is widespread across different regions of China, even in economically developed areas like Jiangsu Province. 07:17 Local governments demand enterprises to report a main business revenue exceeding 20 million RMB to be classified as 'above-scale industrial enterprises' in GDP statistics. 08:08 Local governments in China coerce enterprises to falsify data to showcase economic growth and qualify for subsidies. 08:45 The Chinese government cracks down on data falsification due to fraudulent government subsidy practices. 09:16 📊 Local officials and companies in China fabricate data to gain personal benefits and promotion, leading to strict crackdowns on data falsification. 09:29 Officials and companies in China fabricate data to showcase governance abilities and obtain subsidies and loans. 09:29 Collaboration between officials and businesses allows for data falsification and kickbacks. 09:45 The Communist Party cracks down on data falsification due to financial losses. 10:17 Zhang Jinghua had his party membership and public office revoked for manipulating economic data. 10:33 Zhang Jinghua's promotion based on falsified data led to economic problems in Zhenjiang and Nanjing. 11:07 📊 Data falsification in China's economic statistics raises concerns about the accuracy of GDP data and the potential severity of the debt-driven real estate bubble. 12:53 Decisions of the central government often do not receive full implementation at the local level, leading to instances of data falsification. 12:53 Conflicting instructions from superiors create confusion among officials regarding data accuracy. 14:03 China's official GDP data deviates significantly from the actual economic situation due to different definitions of assets. 14:36 Overestimated GDP data may indicate higher debt levels and a more severe real estate bubble than expected. 15:18 China's debt-to-GDP ratio is projected to be 267%, indicating a high level of debt. 15:33 🏢 China's real estate market bubble is growing rapidly, posing risks to the economy and global situation. 16:14 China's housing market value is double the sum of the three European countries (UK, France, and Germany) combined. 16:14 China's housing market value to GDP ratio is an astonishing 882%, much higher than any other country. 16:49 China's economic data authenticity is a topic worth attention, as it can impact the country's debt level and real estate market. 17:25
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  398. I wonder why the number of Chinese robotic food deliverers is increasing as Chinese need for employment increases. Most Chinese people are becoming poorer and have plenty of time to work, and wish to work as delivery workers, so why aren't they doing the work that these robotic vehicles are doing. 1:34 major mistake, they should sit in the driver's seat, just in case, because whilst Chinese women are known for being infamously bad drivers, they are still likely safer drivers than tofu self-driving automated cars 🚘 Timestamps below: 🚗 The video shows the rise of driverless delivery vehicles and the potential impact on job losses in the service industry. 00:09 Driverless delivery vehicles are becoming prevalent in economically developed areas of China. The widespread adoption of autonomous technology could lead to job losses for many delivery drivers. The maturity of AI in China is leading to increased investment in autonomous driving, drones, and robots. 🚴‍♂ The video highlights the challenges faced by food delivery riders in China, including the impact of AI and automation on job opportunities, high cost of living, and traffic conditions. 02:56 Rapid increase in unemployment rates in China due to the low barriers to entry in the delivery and ride-hailing sectors Young people in China facing challenges with high cost of living, particularly in first and second tier cities Food delivery riders facing immense pressure due to their earnings being directly linked to the number of deliveries they make ⚠ The video discusses the use of harmful additives in takeout food and the potential consequences for public health. 05:46 Some vendors rely heavily on additives instead of natural ingredients, leading to artificially enhanced flavors. The delivery worker urges people to research the reasons behind decreasing takeout orders and highlights the potential risks of consuming food with synthetic additives. There are significant issues with the supervision of the food delivery industry in China, with unscrupulous vendors using harmful chemical additives to cut costs and maximize profits. 🤖 The development of AI and unmanned technology is causing concern and panic among workers in various sectors. 08:59 The development of AI in China has triggered criticism from a professor at Pecking University, who questions the need for technology replacing human workers. The professor also raises concerns about the CCP's reliance on purchasing finished products for core chip technology, rather than independent research and development. 📉 The video discusses the impact of unemployment on young people in China and the discrepancy in reported unemployment rates. 12:11 Many young people in China are struggling to find work despite their parents' support and investment in their education. The Chinese Communist Party underreports the unemployment figures, with the actual rate believed to be much higher than reported. Recent graduates are facing challenges in finding employment, with some being unemployed for a significant period of time.
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  464. 🏭 Foxconn factories in Zhengzhou and Shenzhen are experiencing a massive influx of young workers for the production of the iPhone 15, offering competitive wages but with dire living conditions. 00:04 Foxconn's Zhengzhou factory has started massive recruitment, with hiring expected to surge to 10,000 people by September for the iPhone 15 release. 00:04 Wage packages offered by Foxconn attract many applicants despite low hourly wages in China. 01:01 Shenzhen Longhua Foxconn has also begun large-scale hiring for the iPhone 15 launch. 01:34 Living conditions in the factories are dire, with cramped dorm rooms and concerns about fire safety. 02:06 The decline in Apple orders led to layoffs at Zhengzhou Foxconn, resulting in a deserted staff residential area and a decline in local commerce. 03:10 📱 Foxconn accelerates factory construction in India to meet Apple's demands and diversify manufacturing locations. 04:33 Foxconn's production capacity has shifted to countries like India and Vietnam, reducing the demand for labor. 04:33 Large-scale employee protests during the pandemic lockdown affected iPhone shipments in Q4 2020. 04:48 Apple's strategic focus on diversifying manufacturers' locations has led to India becoming its main destination. 05:21 Foxconn plans to expand its Apple factory in Tamil Nadu and build a new production facility in Karnataka. 05:51 India is expected to produce and assemble 25% of Apple products by 2025, decreasing the proportion made in China. 08:22 🍎 Apple opens direct retail stores in India, signaling a significant move to expand in the Indian market. 08:35 Apple's CEO, Tim Cook, believes in the opportunities in India and the country's unmatched vibrancy and young demographic. 08:35 Apple opened two retail stores in New Delhi and Mumbai within three days, which is extremely rare in Apple's history. 08:52 Apple plans to open more brick-and-mortar stores in India and authorized retail stores in cooperation with local partners. 09:28 India's semiconductor ecosystem faces challenges due to weak infrastructure, bureaucratic dysfunction, and lack of resources. 09:41 Apple is diversifying its industry chain by laying out in regions like Vietnam, Southeast Asia, and South America, leading to reduced recruitment in China. 11:12 Massive Crowds Flock to Foxconn's Factories in China as Apple Urges Production Line Transfer 📉 The Chinese economy is in deep trouble with a severe foreign trade situation and declining manufacturing jobs. 12:25 Many major factories in manufacturing hubs like Shenzhen and Dongguan have gone bankrupt, leaving many jobless people homeless. 12:25 Summer job wages have fallen to as low as 6 yuan per hour. 12:41 China's foreign trade imports and exports fell 4.7% year-on-year in the first half of the year. 13:51 Exports to major economies, including the United States, Japan, and the European Union, have declined significantly. 14:48 The Chinese economy is facing deep trouble and is unable to extricate itself. 16:00 🔴 The Chinese Communist Party's hegemonic expansion and unstable policies are causing tensions with the West and leading to a decoupling of major economies from China. 16:26 The CCP's wolf-warrior diplomacy and military provocations in the South China Sea are destabilizing the Asia-Pacific region. 16:26 China's dictatorship and arbitrary decision-making, such as the 'Zero-covid' policy, have caused economic chaos and supply chain disruptions. 17:28 The decoupling of major economies from China is essential to protect supply chains and mitigate risks. 18:27 China's legal system is unfriendly to foreign investors and the newly revised 'Anti-Espionage Law' restricts commercial activities for foreigners. 18:42 The CCP's irresponsible and unaccountable governance will lead to unstable policies and a downfall. 19:12
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  466. O Holy Trinity, I beg that you protect these innocent lads and lassies from those who seek to harm them and those who have harmed them and continually do so. Amen. 😱 Disturbing incidents of child trafficking captured on surveillance footage in China. 00:09 Importance of vigilance and immediate parental intervention to prevent child abductions. Children being targeted by traffickers when left unattended or parents are distracted. Examples of children being lured away and handed over to accomplices. 🔍 Child trafficking in China has been a major issue, with the police prioritizing political stability over citizen safety. 05:04 The Chinese Communist Party's police force focuses more on maintaining political stability than safeguarding citizens. The rise of the organ transplant industry in China has led to an increase in trafficking cases involving teenagers and college students. Child trafficking cases in China increased during the 1980s due to the one child policy. 💔 A deeply traumatized man searches for his birth parents for 25 years, eventually finding them with the help of others. 08:26 Lee Chong was abandoned by his adoptive parents at 11 and became a runaway. Lee Chong tirelessly searched for his birth parents while his parents searched for him. After 25 years, Lee Chong finally found his biological parents with the help of others. 😢 The rampant trafficking of women and children in China is largely attributed to the passive or complicit stance of local governments. 12:29 Many women, including teenagers and those who had been previously married, are trafficked and forcibly married to older men. Trafficked women who are submissive may lead a somewhat normal life, but those with strong personalities or desires to escape face confinement and abuse. Local governments in China, including village committees, often turn a blind eye or even assist buyers in trafficking and laundering money. 🔍 Ba, a trafficked child, searches for her biological family while facing the dangers of exploitation and organ trafficking. 16:30 Ba's search for her biological family is supported by her husband's family. Trafficked children face devastating fates, including forced labour and organ donation. The mysterious disappearance of a student highlights the issue of missing teenagers and college students.
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  506. 📉 The economic downturn in China has led to widespread closures of physical stores, with various industries affected and businesses struggling to sustain operations. 00:00 High unemployment rates and sluggish consumer spending are contributing to the wave of physical store closures in China. Nearly 90% of the shops on entire commercial streets have shut down, and even banks are unable to sustain operations. Every industry, including auction shops and car rental services, is struggling, with many businesses closing at the end of the year. 😔 The video shows the economic challenges faced by businesses in Shanghai, with many shops and restaurants struggling to stay open. 04:05 Businesses in Shanghai are facing tough times, with very few customers and orders, leading to many closures. Unemployment is a big problem, and the high cost of rent is making it harder for physical businesses to survive. The newly built Commercial Street in Shanghai is completely dead, with many shops and restaurants closed or for lease. 🏢 The video discusses the closure of traditional Chinese medicine store Tong Ren Tang and the desolate state of the World Trade Center in Beijing. 07:33 Tong Ren Tang, a century-old traditional Chinese medicine store, has closed down in Beijing. The World Trade Center in Beijing is now desolate, with many businesses closing down, including Sephora. The industrial landscape in Beijing has been affected by global shifts and policies, leading to the closure of many factories. 💔 The video shows the impact of the pandemic on physical stores in a mall in a third-tier city in China, with many closures and struggling businesses. 11:17 Many shops in the mall are closing and opening, with a lot of empty spaces and struggling businesses The extreme containment measures by the Chinese Communist Party during the pandemic severely impacted physical stores, leading to successive waves of closures China's economic recovery has been weaker than anticipated, leading to a state of deflation and affecting both small shops and big brand stores 💰 Struggles with debt and failed investments lead to financial hardship for individuals. 14:17 Borrowing money to buy a new house in a desirable school district Losing job and struggling to make mortgage payments Investing in a chain restaurant project, facing total loss and significant debt
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  525. Thank you very much for steadily teaching us important lessons on macro-economics or Maneconomics, Mario: How Central Banks Legally Plunder Your Savings: Timestamps for Mario's video are found below: The Bank of England's Manipulation of Currency, Inflation, and the Devaluation of Coins 💰 The video discusses why the Bank of England is stealing the purchasing power of currency through inflation. 00:35 Sam Bankman-Fried is being fried as he gets convicted of fraud and it looks as though he'll never have fried (peace in German & Yiddish/frid) of mind over FTXs collapse and may face up to 110 years in prison, hence Bankman-Fried will never be freed. 00:35 H€zböl-Läh leader's speech may escalate tensions in the Middle East. 02:00 Focus on personal safety, family, and community amidst the divide and rule tactics. 02:38 Remembrance Day protests and AI safety summit mentioned. 03:28 Encouragement to focus on self-reliance and ignore the divisive noise. 03:43 Miles Franklin mentioned. 04:30 💰 The Bank of England left rates unchanged, but some members voted to raise rates, indicating a more hawkish stance. 05:39 The Bank of England left rates unchanged, with some members voting to raise rates. 05:39 The expectation was for 72 members to vote to raise rates. 05:58 The Bank of England manipulates or manages market perception. 06:10 Inflation is a form of theft that erodes purchasing power. 06:18 The Roman state manipulated the silver content of coins to steal from the people. 07:05 Inflation is the consequence of a decrease in real money like gold and silver. 08:34 People have become detached from understanding inflation due to the absence of real money. 08:44 💰 The speaker discusses the devaluation of coins, inflation, and the manipulation of currency by governments. 09:13 Coins are becoming worth less and less due to inflation. 09:13 In 1946, the UK had the last silver coinage. 09:29 The Bank of England can create money out of thin air and buy government debt. 10:27 The currency is being detached from real money. 10:57 Inflation steals the purchasing power of currency. 11:59 The money supply and credit are growing faster than the CPI. 12:45 The calculation of CPI has changed, affecting the inflation target. 13:19 💰 The Bank of England may tolerate inflation above 2% to support the government and households, but this will devalue the currency and increase investments in gold and silver. 13:57 The Bank of England has not met its inflation target since gaining independence. 13:57 Analysts suggest the Bank of England may tolerate inflation above 2% to assist the government and households. 14:07 Raising interest rates significantly could lead to economic problems. 15:01 Continued inflation will benefit the government, maintain high taxes, and support the property market. 15:34 The value of currency will be negatively affected, while gold and silver will provide protection against devaluation. 16:04 Gold has historically protected purchasing power, with a 10.6% average return in pounds since 2000. 16:29 Gold is currently performing well, with a 5.3% year-to-date return in pounds. 17:18 📉 The stock market is down, government bonds are seen as a safe haven in the short term but may not be in the long term. 17:54 Dow futures are unchanged, NASDAQ is down 50 points, and S&P is down 6 points. 17:54 Currencies: Sterling is down slightly, euro is unchanged, dollar is unchanged against the Yen, slightly down against the U1, and unchanged against the Aussie and Canadian dollars. 18:12 WTI Crude is up half a percent, Brent is up half a percent, Platinum is up a couple of dollars, and high-grade copper is up 2/3 of a percent. 18:44 US 10-year yield dropped yesterday, Japanese 10-year yield is trading around .91, and UK 2-year yield is at 4.76. 19:06 The 30-year yield is back below 5 at 4.92, and it is expected that rates will go higher in the next few years. 20:07 If the government continues with quantitative easing, it will further debase the currency. 20:46 The speaker expects rates to go higher and warns about the value of the currency decreasing. 20:53
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  547. Doubts Arise Over Huawei's Autonomous Driving Technology Amidst Competition, Sanctions, and Ethical Concerns 🤔 There are doubts about Huawei's claims of having the most advanced autonomous driving technology. 00:00 Huawei's CEO claims their autonomous driving technology is far ahead of global counterparts. 00:00 Huawei's fan base promotes the technology, but videos are limited and repetitive. 00:38 Huawei's autonomous driving system requires human intervention after 1,000 kilometers. 01:06 Industry observers question the true capabilities of Huawei's technology. 01:35 Former employee reveals autonomous driving routes were pre-canned. 02:16 Skepticism arises regarding Huawei's ability to navigate around other vehicles. 03:26 🚗 Autonomous driving in China faces challenges with non-compliance to traffic rules and the need for balancing traffic efficiency. 07:44 Non-compliance with traffic rules in autonomous driving, such as crossing lanes improperly and cutting in line. 07:44 Strict adherence to traffic rules by autonomous driving systems can hamper traffic efficiency. 07:57 Autonomous vehicles may need to slightly break the rules to maintain traffic efficiency. 08:25 Determining when to bend or abide by traffic rules is a challenge for AI. 08:32 Promotional content for autonomous driving is deemed exaggerated and untrustworthy. 08:45 Huawei's aggressive strategy in autonomous driving poses challenges for other companies in the sector. 10:31 Huawei's relentless pressure on industry peers is acknowledged, as seen in the communication equipment market. 10:52 💥 Huawei faces intense competition from Western tech giants and struggles with sanctions, while its rival Apple receives a warm welcome for the iPhone 15. 11:41 Huawei launched the Mate 60 Pro to compete with the iPhone 15 but was outperformed by Apple's 3 Nom a177 chip. 11:41 Huawei's rotating chairman admits that domestic chips are at a primary school level compared to foreign chips. 12:04 Apple's sales in China surpass Huawei's, despite Huawei's strong online fan base. 12:20 Huawei's Harmony OS may face challenges if it drops Android compatibility, similar to Microsoft's failed attempt with Windows phone. 13:08 Huawei's achievement of creating 7 nanometer chips using 14 nanometer technology is seen as overhyped and may not significantly alter its fate. 13:44 The United States will likely devise new strategies to counteract Huawei and the Chinese Communist Party. 14:12 Huawei's work culture, known as wolf culture, is criticized for its extreme work intensity and potential negative impact on employees' well-being. 14:26 ⚠ The video criticizes Huawei's corporate culture and business strategies, claiming they prioritize profits over social responsibility and ethical standards. 15:28 Huawei's 'wolf culture' is accused of implementing harsh competition and eliminating employees within the company. 15:28 Chinese companies prioritize profits and market position at the expense of social responsibility and ethical standards. 15:41 China's economic success with Huawei is questioned in terms of long-term benefits and reliance on technology from the United States. 16:14 China's flashy propaganda and fabrication reflect a nation that fails to address core issues. 16:28 The world is watching how the Chinese Communist Party will navigate economic challenges and its relationship with the United States. 16:42 China should recognize the need to rely on advanced technology from the United States for economic transformation and competitiveness. 16:56 Failure to do so and attempting to challenge the US with borrowed technology could lead to negative consequences for both China and Huawei. 17:09
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  551. The Economic Downturn in China: Job Losses, Factory Closures, and Early Annual Leave as Businesses Face Challenges 📦 Many people in China are returning to their hometowns early due to job losses, business failures, and a decrease in orders for factories. 00:00 Migrant workers and laid-off white-collar workers are heading back early. 00:00 Businesses in China are experiencing a decrease in orders and excess stock. 01:09 Factories are reducing production, ceasing operations, or shutting down. 01:26 Companies are requesting employees to take holidays earlier than usual. 01:38 Wool sweater companies are shutting down months before the holiday season. 02:22 Many factories in China have no orders and are giving workers an early holiday. 02:59 Some factories have already started their holidays. 03:10 📉 The video discusses the current economic downturn in China, leading to layoffs and factory closures. 03:30 Many small factories in Quinan are operating at a loss and workers are hoping for substantial severance packages. 03:30 The Urban Village in Hangu District, Guangjo, is surrounded by factories that are struggling and laying off workers. 04:06 The entire economy in China is depressed, with various industries struggling and construction sites being suspended. 04:50 Migrant workers are returning home due to lack of job opportunities, unpaid wages, and funding shortages on construction sites. 05:12 The building materials industry is also affected, with factories issuing early holiday notices and facing reduced demand and slim profits. 05:42 The Golden World Innovation Aluminum Company announced an unusually long holiday break of almost 5 months due to reduced demand and slim profits. 05:56 Overcapacity and insufficient market demand are causing steel plants to reduce prices and incur losses. 06:33 📉 Multiple factories in China are facing severe losses and shutting down, resulting in job losses and economic challenges. 07:20 Tiger Bond Hardware, a well-known Hong Kong funded enterprise, announced its closure due to severe losses and inability to sustain operations. 07:20 Dwan Sheli Industrial Company Limited, in business for 31 years, also announced its dissolution due to operational losses and accumulating debts. 08:25 Dongan Shao ding electrical appliances announced the complete shutdown of its molding factory due to decreased orders and operating at a loss. 08:56 Workers in foreign and Hong Kong funded enterprises generally receive compensation according to labor laws, but workers in Chinese funded enterprises often do not receive compensation and face wage rear. 09:27 Hshinga textile company, a leading cotton spinning enterprise, applied for restructuring due to its inability to clear debts and owed wages for 7 months. 10:00 Many textile factories in Sha county have closed, leading people to seek work in other regions. 10:12 💼 The economic downturn in China is affecting businesses, government agencies, and public institutions, leading to closures, unpaid wages, and financial challenges. 10:41 Many restaurant owners in the catering industry have lost their initial investments and are unable to pay their employees. 10:41 Government agencies and public institutions, including the transportation bureau, are also facing dire financial challenges and unpaid wages. 11:54 Civil servants in Jiangsu province are struggling to receive salaries, prompting the government to encourage them to start their own businesses. 12:31 China's economy, particularly the export sector, is showing signs of sluggish growth with a decline in exports for the sixth consecutive month. 13:04 The decline in exports is directly impacting employment and has led to some foreign trade enterprises being on holiday due to lack of orders. 13:31 😔 Due to a lack of orders, a factory in Shenzhen extended its holiday for employees until February 2024, indicating ongoing losses and struggles for businesses in China's economy. 13:55 The factory extended its holiday for employees until February 2024. 13:55 Some workers were reassigned while others were given holidays due to lack of orders. 14:08 The number of factories in Shenzhen is decreasing and it is becoming difficult to operate. 14:39 China experienced a deficit in foreign direct investment during the third quarter. 15:01 Western countries adopting de-risking measures against China may be related to the deficit. 15:07 China's economy is perceived to be deteriorating with declining exports and a real estate debt crisis. 15:26 Consumers lack confidence and are reluctant to spend, leading to a gloomy outlook for China's economy. 15:44
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  555. 🍱 The Chinese Communist party's push to introduce prepared meals in schools has sparked widespread discontent among parents, leading to protests and opposition. 00:23 Parents are physically taking meals to schools as a form of protest. Some schools have kept their main gates closed during lunchtime, forcing parents to hand over meals over the fence. There have been reports of parents resigning from their jobs to ensure the daily delivery of meals to schools. 🍽 Concerns have been raised about the quality and safety of prepared meals being supplied to schools, with allegations of expired food and a lack of quality assurance. 03:54 Allegations have been made that schools are distributing expired prepared meals to children. The quality assurance of the meal kits being supplied to schools is questionable due to corruption and abuse of power. Parents are strongly opposed to the use of pre-made meals in schools, citing concerns about the pursuit of profit over children's well-being. 🍱 The pre-made meals market in China is booming, with popular dishes being made from meal packs and student canteens facing criticism for poor food quality. 07:26 The national pre-made meals market in China is projected to exceed 1 trillion Yuan by 2026. Student canteens in China have a history of using poor quality ingredients, including spoiled meat and rotten vegetables. Local education bureaus are instructing primary and secondary schools to shut down their canteens in response to the poor food quality. 🍱 The video discusses the growth of the prepared meal industry in China and raises concerns about its safety. 11:16 The prepared meal industry in China has seen significant growth, with thousands of companies registered annually. There are concerns about the safety of prepared meals, with a social media influencer exposing counterfeit food in the production process. The entry of prepared meals into schools is a topic of discussion. 🍱 Prepared meals have experienced explosive growth in China's consumer market, reaching a scale of 420 billion yen in 2022. 18:51 Prepared meals are not a new concept and have been popularized since the 90s with the entry of fast food chains like McDonald's and KFC into China. The prepared meal sector in China has seen significant expansion into the business market, especially since 2020 and during the pandemic. Recent data shows a progressive growth in China's Ready-to-Eat meal market, with the market scale reaching 346 billion yen in 2021 and escalating to 420 billion in 2022.
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  558. "Rising Challenges of Conducting Business in China Lead to Doubling of German Firms Seeking Exit and Increased Foreign Investment Concerns" ⚠ Challenges faced by German companies doing business in China lead to increased withdrawal and consideration of exit. 00:00 German companies face financial and product losses in China. 00:00 Example of German ladder manufacturer group's difficulties in China. 00:21 Monk group's experience of significant losses and loss of faith in Chinese business partners. 01:06 Survey shows percentage of German companies withdrawing from China or considering abandoning the market has doubled. 02:00 Challenges faced by German companies in China including competition, unfair market access, and economic difficulties. 02:16 Worsening economic outlook for China post-pandemic and German companies reducing dependence on China. 03:04 German government's change in stance towards economic relations with China. 03:25 💼 Challenges faced by German firms doing business in China leading to a doubling in the number seeking exit. 04:01 European Union's latest terminology on China 04:01 German government's adoption of a new derisking strategy 04:08 Aggressive stance of China on Taiwan and South China Sea 04:16 Challenges faced by German automotive sector in leaving China 04:37 Significant number of international companies withdrawing from Chinese market 05:32 Loss of confidence in China among multinational CEOs 07:14 Continuous outflow of profit leading to negative growth in foreign direct investment in China 07:56 ⚠ Challenges of conducting business in China leading to increased foreign capital outflow and travel risks. 00:00 German firms seeking exit from doing business in China has doubled. 00:00 First quarterly FDI deficit in 25 years recorded, indicating businesses scaling down. 08:10 Over $25 billion worth of Chinese shares sold by global investors in 7 months. 09:03 Loss of trust in the Chinese business environment due to national security concerns. 09:29 Foreign executives facing travel bans and restrictions by the Chinese government. 10:45 ⚠ Challenges of doing business in China causing foreign firms to consider exiting 12:03 Strict customs checks in China pose risks to trade secrets and personal safety 12:03 Decrease in US business travel to China due to concerns over detainment and interrogation 12:30 Real-life cases of detainment and confiscation of passports causing psychological pressure 13:10 Laws such as National Security Law and counter-Espionage law used to detain individuals 13:52 Foreign businesses reluctant to invest in China due to increasingly hostile business environment 15:13 Xi Jinping's rule prioritizing National Security leading to challenges in attracting foreign investment 15:28 ⚠ Challenges of doing business with China and increasing foreign investment concerns. 15:41 CCP emphasizes organizational infiltration in China and abroad. 15:41 Infiltration of businesses in Taiwan and Hong Kong by CCP. 15:55 Foreign businesses targeted for infiltration by CCP. 16:09 CCP demands access to internal personnel files of foreign businesses. 16:16 Superficial gestures by CCP to ease foreign companies' concerns. 16:45 Erosion of confidence in China among foreign businesses and investors. 17:46 Premier Lee Chan's statement at the Davos Forum appears unconvincing. 18:06
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  560. 🎥 Elon Musk discusses the role of war and military conquest in empires throughout history. 00:50 War and military conquest have been a significant part of most empires and dynasties throughout human history. The Roman Empire celebrated excellence in warfare and had many excellent generals. 🎖 Many people in the US lack a visceral understanding of the horrors of war, unlike those on the frontlines in Ukraine and Russia. 11:10 The speaker's grandfather was severely traumatized by his experience in World War II. The speaker's grandfather was not eligible for officer status due to not finishing high school. The speaker's grandfather was categorized as a cannon fighter. 🌍 The video discusses the inevitability of conflict between dominant powers and the impact of economic strength on war. 21:31 Athens and Sparta couldn't avoid a clash despite seeing it coming. The United States has been the most powerful economic engine since 1890. China's economy is likely to surpass that of the US, leading to potential conflict. 🌍 Acts of kindness can be an antidote to the cycle of reciprocal violence. 32:45 After World War II, instead of crushing the losers, the Marshal Plan was implemented to help rebuild Germany and other countries. Conspicuous acts of kindness can stop the cycle of reciprocal violence. Grock AI assistant, an incredible engineering work, was recently released. 🤔 The video discusses fundamental questions about consciousness, emotions, and the existence of a soul. 42:56 There may be more to consciousness and emotions than just atoms bumping into each other. AI may play a role in discovering the nature of consciousness and the soul. The existence of thoughts, actions, and feelings in humans is a compelling illusion that needs further exploration. 🤔 The speaker discusses the idea of a simulation and suggests that higher beings may create simulations to see what happens. 53:44 The purpose of a simulation may be to observe the outcomes and see what happens. Humans create simulations to understand and predict outcomes, such as with rocket launches. Simulations are necessary when testing something that cannot be directly observed or tested. 🌍 The video discusses the potential dystopian effects of AI and compares it to the societies depicted in '1984' and 'Brave New World'. 1:05:29 The drug called Soma mentioned in 'Brave New World' is actually a real muscle relaxant used for treating pain and discomfort. ⚡ The growing demand for electricity for electric vehicles and AI is leading to an electricity shortage, and the challenge lies in maximizing the useful productivity per watt for training NE nuts. 1:15:30 The limiting factor to progress in this domain is silicon chips, and there will soon be more chips than can be plugged in and turned on. The initial constraint is voltage step down Transformers, as power needs to be stepped down from 300,000 volts to around 7 volts. 🔍 The speaker discusses their bias towards open sourcing and their concerns about AI safety. 1:24:59 The speaker believes open sourcing is important but is concerned about the lack of AI safety focus in companies like Google. The speaker mentions their discussions with Larry Page about AI safety and how Larry did not care about it. The speaker highlights Google's acquisition of DeepMind and their abundance of AI researchers and resources. 🎥 AI can analyze movies and recommend them to users with high accuracy, surpassing the recommendations of friends. 1:35:27 AI can analyze movies and act as a movie critic or TV series to recommend movies to users. The AI's recommendations are based on analyzing hundreds of millions of movies and shows, making it better than friends' recommendations. Advertisements can be personalized and well-done, funding the AI's services. 📚 Community notes is a collaborative platform where people with historical disagreements can come together to create context for different subjects. 1:45:26 Community notes allows people with past disagreements to collaborate and create context for different subjects. In order for a community note to be shown, people who historically disagreed must agree on the subject. Community notes is not hierarchical like Wikipedia and could potentially challenge it. 🤔 The speaker discusses the battle against the woke mind virus and their political stance. 1:55:52 The speaker perceives the woke mind virus as left-wing, but acknowledges that there are good aspects of the left. The speaker expresses uncertainty about their current political alignment and their desire for a positive future and empathy for others. The speaker describes their political stance as left of center on social issues and right of center on economic issues. 💡 Tesla's approach to AGI is fundamentally more computer efficient and will understand the real world faster than LLMS. 2:06:19 Tesla's approach to AGI is more computer efficient. Tesla's approach is constrained by energy efficiency. Understanding the real world faster than LLMS.
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  662. 🇦🇷 The new president of Argentina, Javier Nay, is seen as a potential force for change but also eccentric and risky in his policies. 00:48 Javier Nay plans to move Argentina away from the peso towards the USD and possibly even out of BRICS. Argentina has a troubled economic history. 🌍 The new president of Argentina is unlikely to take Argentina into the BRICS alliance and instead intends to align with the United States. 03:38 Argentina received an invitation to join the BRICS alliance, but the new government is not interested. President Lula D Silva of Brazil strongly lobbied for Argentina's admission into BRICS. The new government of Argentina plans to align with the United States instead of joining BRICS. 🗣 The speaker agrees that replacing a country's currency with another's currency does not make it a sovereign country. 06:47 Replacing a country's currency with another's currency does not have good outcomes, especially for big countries. Argentina's previous experiment of linking the pezel with the USD resulted in catastrophic failure. 😕 If Trump doesn't win the presidency next year, he will be isolated like Bolsonaro in Brazil. 09:54 Trump may face trouble domestically without outside support. Bricks may not be damaged by Argentina's decision to not join. Argentina's current situation is chaotic with high inflation and political instability. 📈 The argument was that bringing Argentina into the BRICS would stabilize its economy and be a long-term investment, but it would require a lot of work and travel to stabilize Argentina, which some people within the BRICS felt was more trouble than it was adapted to take on at the moment. 13:15 Bringing Argentina into the BRICS was argued to be a force of stabilization for its economy. Stabilizing Argentina would require a lot of work and travel, which some people within the BRICS felt was more trouble than it was adapted to take on at the moment. The pendulum in Argentina swings sharply from one side to the other, so there may come a better moment to bring Argentina into the BRICS.
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  684. 💧 The Chinese government has invested heavily in water conservancy projects to stimulate economic growth. 00:34 China's investment in water conservancy construction reached $150.4 billion in 2022, a 44% increase from the previous year. 00:34 In the first quarter of 2023, national investment in water conservancy construction reached $26.2 billion, a 76.2% increase compared to the same period last year. 00:59 Approximately 30-35% of China's GDP growth comes from infrastructure investment. 01:17 Water conservancy projects include water diversion, hydropower, flood control, irrigation, and waterway improvement. 02:08 The South-North Water Diversion Project is one of the largest mega projects in human history, with a total investment expected to exceed $69.2 billion. 02:30 🌊 The South-North Water Diversion Project in China aims to transfer water from the south to the north, but faces challenges and criticism. 06:03 The main line for the central route is around 1400 kilometers. 06:03 The first phase of the central route project has a designed water diversion capacity of 9.5 billion cubic meters. 06:09 The Western route project diverts water from the upper reaches of the tinshan river and transports approximately 17 billion cubic meters of water to the northern regions each year. 06:16 By June 15th, 62 billion cubic meters of water had been diverted from the first phase of the Eastern and Central routes. 07:05 The SN Central route project has resulted in the permanent disappearance of nearly 800 rivers. 09:28 🌊 The X project involves diverting water from the Yangtze River to Chaohu Lake and then supplying it to the north regions, potentially contributing to water pollution and the spread of diseases. 10:13 By 2030, the X project is projected to divert 3.3 billion cubic meters of water from the Yangtze River and transfer 2.1 billion cubic meters of water into Chaohu Lake annually. 10:13 The total investment in the X project is 12.6 billion US dollars. 10:36 The YH project, a part of X project, commenced construction in December 2016 and was put into operation on December 30th, 2022. 10:43 Chauhu Lake, a part of the X project, has suffered from severe water pollution, but the water quality has shown improvement. 11:49 Studies suggest that the implementation of the X project could potentially lead to the spread of schistosomiasis, a parasitic disease. 13:02 🚰 The X project involves the construction of water conveyance systems and tunnels to supply water to various regions. 15:28 The first phase of the project has a total length of 755 kilometers for various types of structures. 15:28 The second phase includes supporting facilities in six cities and prefectures. 15:59 The project is still undergoing rapid construction and has made significant progress. 16:38 The Yangtze River to replenish the Han River Project diverts water from the Yangtze River to supplement the Hun River. 17:41 The environmental impact assessment reports severe pollution in several tributaries of the Hun River. 19:26 💧 The GWA project in Guangdong Province is a major water diversion project aimed at addressing water issues in the Han River. 21:13 The GWA project is a national backbone water project and the largest cross-basin water diversion project in Guangdong Province. 21:13 The project aims to supply 2.1 billion cubic meters of water annually through one main pipeline and three branch pipelines. 21:39 Construction of the GWA project is progressing vigorously with 48 construction sites and over 3,000 people involved. 22:13 China has undertaken numerous water diversion projects, including the Hawaii River Estuary Waterway project. 22:55 The Chinese government plans to establish a national water network by 2035. 24:09 🌊 Water scarcity in northern regions of China is being addressed through water conservation and mega water diversion projects, but these projects come with environmental destruction, risk of water supply shortages, and the need for additional infrastructure. 26:04 China has undertaken over 100 water diversion projects in the past five years, involving massive investments and environmental destruction. 26:04 The construction of mega water diversion projects and reservoirs by the CCP government poses the risk of water supply shortages in many southern regions. 26:11 Over 98,000 reservoirs have been completed in China, with a total storage capacity of over 900 billion cubic meters. 26:59 By the end of 2025, all existing high-risk reservoirs will be reinforced and made safe, with approximately 19,400 such reservoirs in total. 27:15 The CCP's enthusiasm for constructing large-scale water conservancy projects is driven by showcasing achievements, gaining illicit benefits, and depletion of the national treasury. 28:01
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  690. 👔 The garment industry in Guangzhou's Hawaii District is facing a downturn, resulting in decreased labor demands and depressing wages. 00:19 The persistent international industry migration has forced many foreign trade processing factories to shut down or relocate. The number of recruiting employers diminishes while the number of job seekers grows, depressing wages further. Some factories demand working 16 hours per day offering less than 2 US dollars per hour. 🏭 Many factories in Shenzhen and Dongguan are struggling and closing down due to the challenging economic environment. 04:53 Factories in Shenzhen are struggling to keep up with demand, leading to many closures. The Xinxiao industrial area in Shenzhen has seen numerous factories come and go, highlighting the difficult situation. Dongguan City is also facing challenges, with few factories hiring and many spaces available for rent. 💔 Thousands of manufacturing firms in Dongwan have shut down, with the manufacturing sector being hit the hardest. 09:12 Over 3,000 companies in Dongwan have closed between 2022 and 2023, with the manufacturing sector accounting for over 1,700 of these closures. Many factories in Dongwan have started giving employees extended unpaid holidays to cut costs due to the sharp decrease in orders. In Shenzhen, the cost of living is already high and many daily wage workers are struggling to find jobs, with some factories reducing hourly rates to as low as 12 or 13 Yen. 🌍 The decline in manufacturing sector in Guangdong due to the trade war and pandemic highlights the need for diversifying supply chains. 14:34 The trade war between the US and China has prompted Western corporations to relocate orders to other countries to avoid tariffs. Guangdong's foreign trade has been declining due to the relocation of processing and trading factories. The success of Guangdong's industrial upgrading strategy depends on the transfer of technology from developed countries. 🌍 The closure of Chinese factories due to the loss of international market orders is inevitable and irreversible, which will greatly impact China's foreign trade. 19:07 China mainly plays the role of producing and processing in the global supply chain, rather than providing products with Chinese branding. The current dip in foreign trade orders is the result of the CPTP mechanism, and if not reversed, China's foreign trade will become insignificant in five years. The goods China exports to the U.S. are often branded as American products, such as Apple phones, Dell computers, and Nike sportswear.
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  692. 🍽 China's dining industry experienced a surge in new restaurant openings followed by a wave of closures, leading to a rise in secondhand equipment dealers. 01:01 The number of restaurants consulting equipment dealers for liquidation surpassed the previous month's total. 40% of the establishments that opened in the first half of the year have closed. 50% of the establishments are barely surviving. 💔 The three-year pandemic restrictions in China have severely impacted the dining sector, with over 1.7 million dining-related businesses being deregistered or revoked. 04:01 Over 1.7 million dining-related businesses have been deregistered or revoked in China in the past 3 years, surpassing the total of the previous decade. In 2020, over 320,000 dining outlets were deregistered in China. By the end of 2022, the total number of food and beverage outlets in China decreased by 7.75 million year-on-year. 🍖 The catering industry in China is experiencing explosive growth, with a surge in new restaurants and high demand for equipment. 06:41 Secondhand barbecue equipment items were sold out due to the high demand, leading to sourcing new equipment directly from manufacturers. The nationwide catering income in China reached 24.3 trillion yen in the first half of 2023, growing by 21.4% year on-year. The intense competition within the catering industry has led to an influx of new restaurants and a wave of restaurant closures. 😢 A newcomer to the restaurant business in China lost over 3 million yen in just 3 months due to the closure of her establishment. 09:38 The number of closures in the dining sector surpassed the figures from 2020 and was only 13.9% less than the total closures in 2022. In the first half of 2023, approximately 471,900 food and beverage related businesses in China were revoked or deregistered. 💼 The recession in China's real estate sector and decline in foreign trade may lead to a deeper economic slump, resulting in unemployment, pay cuts, and frugal consumer spending. 13:10 China's economy may experience deflation, leading to increased savings and reduced spending. Luxury and budget sectors are expected to remain stable, while middle-class consumers may prioritize essential purchases. Non-essential eateries, export-oriented businesses, and high-cost establishments targeting the middle class may struggle due to declining public spending and closures.
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  769. 🚀 Taiwan deploys domestically developed chingan Hypersonic cruise missiles, with the capability to target Beijing and potentially the Three Gorges Dam. 00:00 Taiwan reportedly deployed chingan Hypersonic cruise missiles with a range of 2,000 kilometers, capable of targeting Beijing. Speculation on the potential for Taiwan's missiles to target the Three Gorges Dam in the event of conflict in the Taiwan Strait. Feasibility of targeting the Three Gorges Dam with the deployed missiles and potential impact assessed by Chinese government and media. ⚔ The video discusses Israel's approach to tactical strikes and the potential tactics of the Chinese Communist Party in a conflict with Taiwan. 04:27 Israel demonstrated restraint in recent conflicts by relying on high-level military technology and precise target analysis. The CCP's potential attack on Taiwan may involve rocket missile forces, air operations, and amphibious landing operations. 🚀 The video discusses the development and capabilities of the Ting tan Hypersonic cruise missile by Taiwan. 09:08 The Ting tan missile's range has been extended to 2,000-3,000 km, potentially impacting Beijing in the event of a conflict with China. The missile was jointly developed by the Ministry of National Defense of Taiwan and the National Chong Shan Institute of Science and Technology. The development of the missile began in the early '90s and it is considered a strategic asset for Taiwan. 🚀 Taiwan's missile test and development of the Yun2 missile. 13:22 Taiwan conducted a missile test from the Jung base with the research vessel Hayan 5 equipped with radar systems. The Yung missile faced challenges in meeting US precision requirements, leading to the development of the Yun2 missile with improved propulsion and longer range. The Yun2 missile had a total length of 14 meters and a maximum range of up to 2,000 km, representing the longest ranged development by NCS. 🚀 Taiwan successfully develops and begins production of the chingan Hypersonic cruise missile, enhancing its defense capabilities. 17:58 The chingan Hypersonic cruise missile underwent comprehensive integration and testing, with full-scale production commencing in 2023. Taiwan's Armed Forces possess domestically produced missiles with a range of over 1,000 kilometers, deterring military force from the CCP. Taiwan and the United States signed a missile agreement in 2023, marking the first time the Taiwanese military has strategic long-range strike missiles.
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  782. Apple and Foxconn's Rapid Departure from China Sparks Massive Layoffs, iPhone 15 to Rely on Only 2% Chinese Parts 📉 The relocation of Foxconn could lead to a substantial rise in unemployment and further decline in the economy. 00:32 Foxconn is Apple's preferred contractor manufacturing a range of products including iPhones, computers, and iPads. 00:32 Foxconn has been setting up plants abroad to reduce dependency on China. 00:40 There have been continuous reports of a rapid decrease in the workforce in Foxconn's manufacturing bases, leading to a downturn in surrounding commercial areas. 00:55 Components supplied from China for the iPhone 15 Pro Max constitute only 2%. 01:17 Components from the US, South Korea, and Japan account for over 70% of the flagship iPhone 15 Pro Max. 01:31 Chinese component supply for iPhones has shrunk to just 2%. 02:05 Component cost for the iPhone 15 Pro Max has risen by 12% to $558. 02:30 📱 Apple is diversifying its supply chain away from China and increasing production in India. 05:41 Apple aims to reduce costs by diversifying its supplier base. 05:41 Taiwanese companies still hold a competitive advantage in key components. 06:18 Apple's assembly proportion in China is declining. 06:32 India's assembly proportion of iPhones is increasing. 06:49 Apple plans to shift 25% of its production to India by 2025. 07:09 Chinese enterprises that were once Apple suppliers are being phased out. 07:40 Boa Technology Group, a former Apple supplier, was reportedly ousted due to product quality issues. 08:04 💼 Apple's decision to remove OFilm from its supply chain led to factory closures and financial losses, while Winaitechnology reported increased revenues and profits as it took over OFilm's production line. 09:39 OFilm's revenue plummeted by 52.8% and suffered a loss of 2.6 billion unen after Apple removed them from its supply chain. 09:39 Winaitechnology reported revenues of 52.7 billion and profits of 2.6 billion unen as it took over OFilm's Apple production line. 09:48 Foxconn, Apple's largest assembly contractor, has heavily contributed to China's economic development and employment. 09:59 Foxconn's subsidiaries in China were subjected to sudden tax and plan audits, potentially influenced by Foxconn's founder Terry Gou's candidacy for Taiwan's presidential election. 10:56 The Chinese Communist Party's actions may also be driven by a financial strain and a desire to maintain control over China's economic destiny. 12:11 Foxconn's plan to shift production and supply chain to India and Southeast Asia could be seen as a warning to other domestic and foreign firms. 12:25 Chinese President Xi Jinping has emphasized an internal circulation strategy, indicating a preference for reducing economic ties with foreign companies. 12:34 📉 China aims to reduce economic dependence on the US and counter the influence of overseas powers, potentially leading to Foxconn's departure from China. 13:11 China wants to replace Foxconn dominance with Mainland Chinese enterprises, giving them more control over Apple's manufacturing contracts. 13:11 Chinese companies like Luxshare and BYD are poised to offer more competitive pricing than Taiwanese counterparts and are interested in taking over Apple's manufacturing contracts. 13:46 Beijing's actions targeting Foxconn may accelerate their departure from China, potentially warning other foreign enterprises, especially Taiwanese businesses. 14:02 China's economic policies reveal contradictions, inviting foreign investments while introducing counterespionage laws and tax investigations. 14:45 Taiwanese manufacturers including Foxconn, Quanta, Compal, Pegatron, and Invent have been retreating from China due to client demands and US brands urging for supply chain diversification. 15:21 US brands are urging Taiwanese manufacturers to shift production out of China and diversify to Southeast Asia, which would have a profound impact on the Chinese economy. 16:01 Beijing faces a challenge as it emphasizes economic security while dealing with the potential departure of Foxconn and the shift of production out of China. 16:53 📦 The investigation into Foxconn has raised concerns about the unemployment of over 1 million Chinese workers. 17:08 The investigation into Foxconn has sparked anxiety among its employees. 17:08 There are currently 1.2 to 2 million Foxconn employees in China, along with associated businesses. 17:33 Major tech firms, including Apple, have been gradually shifting their supply chain out of China. 18:03 The tensions between the US and China have led to efforts to mitigate risks and diversify supply chains. 18:41 Decoupling from China's supply chain is an ongoing process, but the proportion of facilities in China is decreasing. 19:19
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  783. 🍲 The video discusses unsanitary conditions in takeout restaurants, including the use of gutter oil and questionable cleaning practices. 00:28 Unsanitary conditions in takeout restaurants, including the use of gutter oil and questionable cleaning practices. Invention of an oil-water separator for leftover hot pot and other leftovers to separate out the oil. Concerns about the original intention of the inventor and the potential use of the separator by shady restaurant owners. 🤢 The video discusses various instances of food contamination and questionable processing practices. 03:33 Tofu production using additives to increase volume and elasticity, reducing nutritional value. Concerns about the processing of tea leaves with high-pressure spray machines. Instances of rotten fruit and questionable food quality, raising concerns about food safety. 🤢 The video exposes shocking and unsanitary food processing practices in various restaurants, including the use of industrial chemicals and rat contamination. 07:03 Chicken feet are processed with industrial chemicals, losing nutritional value and becoming harmful to health (7:03-7:44) Hot Pot restaurant uses industrial chemicals to bleach and enlarge ingredients, and rats are seen feasting on meat (7:53-8:36) 🦆 A controversy arose when a foreign object found in a school was initially thought to be a condom, but was later claimed to be a duck's eyeball membrane. 10:53 Initial discovery of foreign object in school School officials claiming it to be a duck's eyeball membrane Experts confirming the object as a duck's eyeball membrane 🍇 Controversial video of grapes being processed with feet sparks public concern about food hygiene. 14:04 Video of grapes being stomped by a farmer with bare feet goes viral on Chinese internet. Concerns raised about food hygiene and aversion to consuming raisins in the future. Comparison made to traditional tea processing involving the use of feet.
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  784. 🌍 The global supply chain is undergoing a transformation, with China's role diminishing and potential decoupling from the supply chain. 00:08 China's share of global imports has decreased from 21.4% in 2017 to 13.3% in mid-year 2021. Mexico has emerged as a strong alternative to China for manufacturing, with significant exports to the US. Mexico's rise can be attributed to strategic advantages such as tax incentives and zero tariffs. 🌍 The US is cautious of Chinese investments in Mexico due to national interests and security concerns, while foreign investments in Mexico are increasing. 04:23 The US is concerned about Chinese investments in Mexico and may implement strategies to prevent potential vulnerabilities. Foreign investments in Mexico have increased by 48% in the first quarter of this year. Vietnam is emerging as a dominant investor in manufacturing, challenging China's position. 💪 India's economy is projected to become the world's third largest by 2050, driven by manufacturing and a growing workforce. 08:50 India aims to reduce manufacturing's GDP contribution from 50 to 25 percent by 2025. India's population is expected to reach 1.4 billion by 2022, with a large working-age demographic. India offers competitive labor costs, a domestic market, and expertise in electronics, IT, and pharmaceutical sectors. 📈 India's advanced manufacturing sectors are being transformed by the dominance of companies like Apple, Tesla, and Micron, while China's market dominance is showing signs of strain. 12:45 India is cautious about expanding its trade with China under the Modi Administration, with increased scrutiny and targeted trade protection measures. Chinese tech companies like Xiaomi and Oppo have faced controversies and allegations of illegal activities in India, leading to asset seizures and frozen bank accounts. Powerhouses like the US, Europe, Japan, South Korea, and India dominate India's burgeoning middle class, fueling a consumer boom, while Chinese consumer spending on luxury items like smartphones contrasts with this trend. 🌍 China is decoupling from the global economic fabric at an unprecedented rate, with foreign investments receding and capital controls intensifying. 16:52 China's foreign capital has dramatically decreased, with U.S. investments dropping from $228 billion to just 1.4% of China's total FDI by 2021. China implemented capital controls, reducing foreign entities' repatriation capabilities by 90%.
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  790. Here's a summary of the video: The U.S. Indo-Pacific Command recently reported an aerial military standoff over the South China Sea on May 26th. A Chinese J-16 fighter jet obstructed the flight path of an American RC-135V electronic reconnaissance aircraft. The Southern Theatre Command of China claimed that the Shandong aircraft carrier group was conducting routine training in the South China Sea at the time and accused the U.S. RC-135 of intentionally intruding into the training zone. Some military observers suggest that this may have been a deliberate systemic monitoring of China’s Shandong aircraft carrier by the U.S., revealing potential problems with the carrier and highlighting the Taiwan Strait as a potential weakness for the Chinese Communist Party. Subsequently, with the Shandong heading north to Dalian, there may no longer be any other carriers available for the Chinese government. The Shandong’s formation in the South China Sea was notably lacking in aerial and submarine protection, with only two frigates as escort. This apparent military tactical error gave the U.S. an opportunity to dispatch the RC-135V for continuous tracking and signal detection of the carrier group. The Chinese government insists that the Shandong aircraft carrier was engaged in training and that the U.S. RC-135 was interfering with its operations. This reveals the PLA’s failure to declare a maritime exclusion zone for the exercise, raising questions as to whether the Shandong was traversing international waters or indeed in training. According to international law, if there is no maritime exclusion declaration, civilian or military vessels and aircraft from other nations have the right to freely pass through the area. As such, this so-called “training” may well have been an excuse from the Chinese government for their own negligence regarding the Shandong and an attempt to shift the blame to the Americans.
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  795. ⚔ The Chinese aircraft carrier is seen as a prime target for potential enemies, with concerns about its combat effectiveness and vulnerability in future conflicts. 00:07 American experts and international netizens believe that China's new aircraft carrier needs to be targeted in any future conflict. Discussion on how long China's new aircraft carrier would last in a war, with concerns about its combat effectiveness and vulnerability once it leaves the air defense range of the Chinese mainland. Comparison of the launch distance of China's aircraft carrier to that of the US Navy's Ford class, with concerns about its efficiency in launching and recovering aircraft to compete with the US military. ⚓ The video discusses the challenges faced by the Type 901 Supply ship in keeping up with the aircraft carrier and the potential implications in real combat situations. 03:21 The Type 901 Supply ship struggles to maintain its claimed speed of 25 knots, leading to it being outpaced by US military vessels. The US military could exploit the supply ship's weakness by cutting off its oil supply, impacting the operations of the aircraft carrier. The inadequate speed of the supply ship could pose a significant vulnerability in real combat situations, potentially rendering the aircraft carrier a maritime coffin. 🚢 The video discusses the challenges faced by the Chinese aircraft carrier Fu Jen in anti-submarine warfare and pilot recruitment. 06:00 Insufficient numbers of dedicated anti-submarine aircraft and shipborne anti-submarine helicopters are a major problem for carrier protection. The Fu Jen lacks sufficient aircraft numbers and skilled pilots, leading to concerns about its combat capabilities and survivability. The CCP has started recruiting women and civilian personnel to expand the pilot pool, but the target of 200 skilled pilots seems unattainable under current circumstances. ⚔ The video discusses China's military expansion and focus on Taiwan amidst economic challenges and external pressures. 08:30 China is facing economic challenges and external pressures, while also focusing on military expansion. Xi Jinping is actively reorganizing the military and purging those who oppose or show reluctance to fight. There are concerns about the CCP's focus on Taiwan and its military preparations, including the production of warships. 💰 The video discusses the impact of Biden's economic sanctions on the CCP and the historical lesson it provides for China's government policies. 11:35 The US military criticizes China's outdated technology, and the video discusses the disapproval of the CCP's political ideology in the West. Biden's economic sanction strategy aims to cut off the CCP's economic lifeline to contain its influence. The video mentions historical precedence and the fall of the L Ching dynasty due to antagonizing foreign powers, providing a crucial historical lesson for contemporary China's government policies.
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  802. G'day, Mario. Good interview. The central-banking system loves inflating the currency supply as your informative videos have proved. Timestamps: 💰 Experts discuss the uncertain future of the economy, the importance of preparing for financial crises, and the potential for a major market shakeout in the coming year. 00:10 Central banks are stockpiling gold in preparation for economic uncertainty. The first quarter of next year may see a significant market shakeout, presenting a trading opportunity. The next 12 to 18 months are predicted to be difficult, requiring a fully liquid approach to investments. 💰 The speaker predicts a global recession, sharp inflation, and a significant impact on the economy by 2025. 04:03 Prediction of a global recession and the FED being forced to pivot due to recessionary trends, treasury market, and wars in Europe and the Middle East. Anticipated sharp inflation in the second half of 2025, with food prices soaring and oil supplies being disrupted. Expectation of global inflation over 10% and 10-year treasuries yielding closer to 13%, leading to a significant impact on the global economy due to high leverage. 💰 China's private and public gold holdings are significant, potentially leading to backing the RMB with gold in the near future. 08:53 China's general public and financial institutions own around 25,000 tons of gold, valued at about 1.22 trillion dollars. China may back the RMB with gold within three years, using the significant gold holdings as a cushion for the currency. This move could potentially support China's exports and strengthen the RMB's position in the global economy. 📈 The video discusses China's economic outlook, potential growth in nominal GDP, and Saudi Arabia's investment plans. 13:40 China's nominal GDP is expected to rise to around 6% next year, indicating a potential recovery. Saudi Arabia is looking to invest up to a trillion dollars in projects, including the neom city projects, with a focus on building relationships with Hong Kong for investment funds. China holds a substantial amount of gold, estimated at 50,000 tons, including government entities and the central bank. 🌍 The discussion covers the UK's perceived insignificance in foreign policy, the Chinese perspective, and the surprise of the election outcome in Argentina. 17:55 The UK's perceived insignificance in foreign policy and its desire to punch above its weight The Chinese perspective on the importance of the UK in relation to China The surprise of the election outcome in Argentina and the speculation surrounding it
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  895. 🌊 Tensions rise in the South China Sea as the US and its allies increase surveillance of Chinese military activities. 00:07 The US Navy's Hopper class destroyer sailed near the Paracel Islands, prompting warnings and expulsion from China. Australia and the Philippines conduct joint sea and air patrols, signaling a clear message to China. The US military is prepared for a potential confrontation in the South China Sea. 🌍 The video highlights the escalating tensions between the US and China in the Philippines and the region. 03:04 The US military presence in the Philippines was highlighted by the arrival of the USS Carl Vincent aircraft carrier in Japan. Japan and the Philippines signed a reciprocal access agreement allowing Japan to deploy troops in the Philippines. The United States, Philippines, Japan, and South Korea conducted joint military exercises in the Philippines, simulating a potential war with China. 🌊 The situation in the South China Sea and the Korean Peninsula is becoming increasingly tense, with China and the US vying for influence. 05:58 China's victory in the South China Sea would threaten the resources and economic trade routes of Taiwan, Japan, and South Korea. A US victory in the South China Sea would weaken China's influence in the region and provide a strategic advantage in addressing the Korean Peninsula issue. Despite international opposition, North Korea violated UN resolutions and a military agreement by launching a military satellite and not fulfilling its commitment to denuclearization. 🔍 The position of defense minister in China remains vacant due to internal struggles and uncertainty about potential successors. 09:00 The lack of modern warfare experience and understanding of military equipment among PLA officers is a challenge in appointing a new defense minister. Xi Jinping's purges within the military have led to a loss of trust and loyalty among some officers, making it difficult to find new appointees. Currently, only Huong and Jong xao Jun are trusted figures in the military commission, with Jong xao Jun being favored by Xi Jinping. 💡 The Chinese government is facing challenges in finding a suitable candidate for the position of defense minister, which may impact Xi Jinping's image and force the CCP to expedite the appointment. 12:08 Xi Jinping is struggling to find a candidate comparable to Lee Shang Fu with deep military equipment knowledge and loyalty. Speculation suggests that Xi Jinping may have fallen into a political trap set by CCP Elders, resulting in a lack of competent aides around him. Former Ambassador for China to the US, Cui Tiankai, fell out of favor in political struggles in the economic sector.
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  897. 💰 Tesla plans to implement a new pricing strategy in China, including possible price cuts, to boost sales and reduce inventory. 00:00 Tesla halts Phase I battery production line at the Shanghai Gigafactory, reducing workforce by half. 00:00 Tesla's Phase II battery factory production is sufficient to meet vehicle battery needs. 00:17 Tesla's strong second-quarter performance resulted in high inventory and sales pressure for the latter half of the year. 00:52 CEO Elon Musk hinted at initiating a price war in the second half of the year to make Tesla cars more affordable. 01:30 Tesla might drastically reduce prices, with the new Model 3 potentially priced under 180,000 yuan. 02:03 🚗 The Chinese automotive industry is facing a crisis due to price wars and Tesla's impact. 02:43 Automakers in China, including BMW and Audi, have significantly reduced prices, leading to a 'slash-price' trend. 02:43 FAW Toyota is giving away a car worth 100,000 yuan with the purchase of their new energy vehicle BZ4x. 03:38 Massive price reductions by Tesla and other foreign brands have caused a substantial decline in sales for domestic car companies. 04:19 None of the 20 car companies in China have achieved a completion rate of 50% towards their annual sales goals. 04:37 The Chinese automobile manufacturers have pushed pricing to the limit, leaving no room for further reductions, while emerging players like NIO and Xpeng are losing money on each vehicle sold. 05:03 🚗 Chinese automakers faced public backlash and retracted their commitment to maintain fair competition and not cut prices, violating the Anti-Monopoly Law. 05:55 16 mainstream automakers in China signed a commitment to maintain a fair market order in the automotive industry. 05:55 The commitment to not disrupt fair competition with abnormal prices was withdrawn just two days later. 06:11 Public suspicion and doubt arose, accusing the car companies of violating the Anti-Monopoly Law and threatening consumer rights. 06:28 Under public criticism, the car companies retracted their commitment and admitted misunderstanding on pricing and violation of the law. 07:00 Consumers felt exploited and disappointed as car prices continued to rise, questioning the ties between capital and government. 07:36 🚗 Chinese car companies are deterring people from purchasing domestically-produced vehicles, causing a loss of trust and mocking Tesla's pricing strategy. 08:43 Chinese car companies have discarded their moral compass and are driving their compatriots into a corner. 08:43 Tesla was the first to offer discounts to Chinese consumers, but now 16 companies are pressuring Tesla not to cut prices. 09:51 The China Association of Automobile Manufacturers and the 16 car companies signed a commitment that violated the Anti-Monopoly Law. 10:22 The leaders of these car companies signed the commitment without hesitation, raising concerns about their ability to lead the industry towards healthy development. 10:57 Netizens sarcastically remark that it's fortunate the China Association of Automobile Manufacturers is held accountable, as the car companies might have colluded to manipulate prices. 11:16 🚗 Tesla maintains a 30% profit margin in China while Chinese automakers suffer losses, raising questions about the discrepancy. 11:52 Tesla has localized 95% of their material and component procurement in China. 11:52 BYD's Dolphin, priced at 200,000, generates a profit of only 10,000 despite luxury amenities. 12:10 Imminent price wars in the latter half of this year could last up to 20 months. 12:45 Top ten automakers in China may account for 90% of the market share, leading to the potential extinction of marginal automakers. 13:05 Comprehensive preparations and strategic adjustments are necessary for all automakers to face the challenges ahead. 13:21
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  898. 🏢 Evergrande has numerous halted construction projects, leaving unfinished properties resembling ghost towns. 00:21 Evergrande Kunming Lake project in Anning Taiping New City is essentially completed but lacks necessary infrastructure. 00:21 Evergrande Expatriates City Yangzonghai and Evergrande International Health City are not ready for occupancy with no signs of resumption. 00:43 Evergrande Cultural Tourism City has been halted for two years and is not ready for occupancy. 01:22 Evergrande Sunshine Peninsula, Evergrande City Project, and Lotus football stadium in Guangzhou are also unfinished. 01:42 Evergrande has claimed to have 706 halted projects, affecting homeowners who bought these properties. 02:56 💔 Evergrande's financial crisis has led to the halting of several projects, including the Guangzhou Evergrande Football Stadium and the Evergrande Royal Lake World project. 03:59 The rights to the parcel of land for Guangzhou Evergrande Football Stadium have been returned, resulting in a loss of approximately 1.26 billion yuan. 03:59 The Evergrande Royal Lake World project in Xinxiang City, Henan Province has been abandoned, leaving only the grand entrance standing amidst overgrown weeds. 04:18 The Hefei Evergrande Center project and three other projects in Hefei have also been left unfinished. 04:57 The Evergrande Jinan International Finance Center, with an investment of up to 25 billion yuan, is another unfinished project. 05:35 Other well-known unfinished projects include the Evergrande Super Headquarters Project and Evergrande Ningbo City of Light. 05:53 😱 Evergrande Group, a major Chinese real estate company, is facing a debt crisis and owes a significant amount to suppliers, creditors, and investors. 07:17 Evergrande owes a total of 1.97 trillion RMB (over 300 billion US Dollar), roughly accounting for 2% of China's GDP in 2020. 07:17 The crisis has led to project delays and affected other real estate companies like Kaisa, Sunac, and R&F. 08:04 Kaisa Group, a real estate company in Shenzhen, is sinking into a desperate situation with major financial difficulties and potential bankruptcy. 08:42 Homeowners of Kaisa properties are at risk of losing their properties and down payments if the developer goes bankrupt. 09:21 Many homeowners have made full payments or paid deposits for properties at Kaisa City Plaza, leaving them feeling helpless without access to real-time information. 09:39 🏢 Kaisa Group, a Chinese developer, is facing financial difficulties and unable to repay debts, leading to protests and violent suppression by the police. 10:19 Efforts of three families and two generations to have a home of their own are now lost due to heavy bank debts. 10:19 Without intervention from the boss, the employees of Kaisa Group are unsure of what to do. 10:37 Homeowners of Kaisa City Plaza protest against the developer's failure to deliver properties on time and the stripping of finished apartments. 11:15 Protesters are forcefully removed and detained by the police, resulting in violence and arrests. 11:33 Affected homeowners are subjected to interrogations, blood tests, and further detentions. 12:50 🏢 Homeowners in Qingyuan City, China are frustrated with the delayed delivery of finished units by real estate companies Kaisa and Evergrande, and are seeking immediate completion, compensation, and government intervention. 13:23 Homeowners are being forcibly removed by police as some properties have not been released. 13:23 The delivery date promised in official negotiations was not met, and the Qingyuan Housing and Urban-Rural Development Bureau did not penalize Kaisa for undisclosed usage of trust account funds. 13:42 Delivery of buildings 4, 5, 6, 8, and 9 by Kaisa has been continuously delayed, with the developer refusing to deliver finished units. 14:39 Homeowners demand immediate completion of inspections, delivery of finished units, and compensation for breach of contract, but government officials have been unhelpful. 15:53 The unfinished projects by real estate companies undermine trust in developers' ability to resolve the issue and affect banks' confidence. 16:12 🏢 China is facing a crisis of unfinished buildings due to land speculation and the influence of powerful individuals. 16:49 Henan province has the lowest delivery rate at 11%. 16:49 Delivery progress in South and North China is relatively good, while Southwest and Central China have low delivery rates. 16:49 Land development often brings huge profits, leading to investment by powerful individuals. 17:10 China's 'guaranteed delivery' policy aims to provide relief to developers with strong economic capabilities. 17:47 Relief funds for property delivery are insufficient, with many developers waiting for delivery. 19:26 🏢 The 400 billion yuan relief funds is insufficient to solve China's problem of unfinished buildings, which could have negative consequences on government finances and urban development. 19:48 The 400 billion yuan relief funds is like a drop in the ocean in solving China's problem of unfinished buildings. 19:48 Special loans and supporting financing for unfinished buildings are labor-intensive and high-risk projects for banks. 20:07 Real estate is a significant part of local governments' economies in China. 20:46
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  899. 📉 Rental prices for office buildings in Beijing's CBD have declined by around 20%, reflecting a downturn in China's commercial real estate market. 00:18 Office vacancy rates in Beijing and Shenzhen have reached all-time highs. 00:18 Friends who own office properties are unable to sell or rent them out. 00:35 China's economy is facing five major dilemmas and hasn't rebounded as expected. 00:52 Vacancy rates of Grade A office buildings in Shenzhen, Shanghai, and Beijing are rapidly rising. 01:34 Companies downsizing and uncertain macro environment are reasons for the decrease in demand for office buildings. 02:27 Commercial Real Estate Crisis: Office Vacancies and Rental Prices Plunge Over 20% in Shenzhen, Shanghai, and Beijing as China's Economy Struggles 🏠 The Chinese property market is experiencing a decline, with second-hand homes and new residential housing prices decreasing. 03:22 The number of second-hand homes listed in Beijing has reached 190,000, indicating a downturn in the Beijing property market. 03:22 Buyers have become choosier and agents are negotiating price reductions to attract customers. 03:35 The construction industry business activity index fell to a six-month low in June. 04:10 The average price of new residential housing in 100 Chinese cities decreased in June, and the second-hand housing market experienced a more significant cooling down of prices. 04:33 Analysts predict that property prices in all Chinese cities, including first-tier cities, will inevitably decline, especially in the second-hand residential market. 05:33 📉 China's economy is struggling with falling house prices, weak consumer spending, and deflation. 06:43 House prices in Hangzhou are falling rapidly, making it a buyer's market. 06:43 Borrowing for mortgages has declined, indicating a decrease in new mortgage applications. 07:15 Consumer spending is weak, leading to concerns about employment and income. 07:31 China's CPI fell by 0.2% in June, indicating slowing consumer price growth. 08:19 China's PPI dropped significantly by 5.4% year-on-year, signaling deflation and decreased demand. 08:56 😔 The Chinese economy is facing challenges with low inflation, disappointing consumer spending, sluggish exports, struggling small businesses, and high unemployment rates. 09:48 Low inflation or deflation can hinder economic growth. 09:48 Consumer-oriented companies like Estée Lauder are experiencing slow recovery. 10:21 China's exports have been in contraction, with a higher rate than expected. 10:37 Small and medium-sized enterprises are facing difficulties and laying off workers. 11:12 High unemployment rates are impacting low to middle-income families. 12:01 😔 The zero-covid approach in China has caused a rise in unemployment, particularly among young college graduates, leading to an increase in homelessness and financial difficulties for both individuals and local governments. 12:51 The zero-covid approach in China has heavily impacted the economy, causing numerous businesses to go under and leading to a significant increase in unemployment. 12:51 Many new college graduates are struggling to find jobs, even part-time ones, due to the tough job market this year. 13:26 Unemployment rate among 16 to 24-year-olds has reached a new high at 20.8%. 14:14 Job prospects for university graduates are grim, leading many to take up blue-collar jobs to make ends meet. 15:07 Local governments in China are also facing financial constraints due to the real estate crisis affecting land sales. 15:23 📉 The decline in land sales and the zero-covid policy have led to a significant increase in local government debt in China, posing a major risk for the economy. 15:57 The total local government debt in China is estimated to be $23 trillion, equivalent to 126% of its GDP. 15:57 Local governments have been borrowing through LGFVs to cover project costs, resulting in hidden debts. 16:15 Xi Jinping administration has no good options for addressing the economic issues. 16:34 Stimulating demand through massive initiatives has led to oversupply and increased local government debt. 16:48 US cutting off the supply of advanced chips and technologies to China has further worsened the situation. 17:05
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  900. 💔 Closure of Iconic Japanese Department Store in Shanghai Marks End of an Era 00:00 Mitsukoshi announced closure of its Shanghai department store by end of June 00:00 Shanghai M long Jenisatan, once a high-end shopping paradise, faced continuous losses 00:08 Mitsukoshi previously closed stores in Tinging and Tending, part of its withdrawal from China 00:53 💼 German businesses shifting away from Chinese market, impacting foreign investment and trade relationships. 04:00 Japanese companies relocating production from China to Southeast Asia and Japan. 04:00 German companies reconsidering business dealings in China due to challenges and changes in market participation. 04:32 Survey shows 9% of German companies withdrawing from or considering exiting Chinese market, double the rate in the past 4 years. 04:57 💼 Decline in foreign investment in China due to economic challenges and unfavorable business environment. 07:08 Seaman products being directly shipped out of yangan port, leading to deserted roads and empty container yard. 07:08 Chinese passengers traveling through the Netherlands due to lack of direct flights to China from other countries. 07:27 Challenges in Chinese economy leading to efforts to retain foreign investment, but foreign companies cautious due to National Security and secrecy laws. 07:43 📉 Decline in foreign investment in China prompts government initiatives to attract investors. 10:22 Foreign investment in China continues to fall, prompting government efforts to rebuild trust and attract investors. 10:22 China introduces initiatives to expand market access and encourage foreign investors to deepen involvement in key sectors. 10:47 Chinese government emphasizes commitment to institutional opening up and welcomes global businesses to invest in China. 11:22 💥 China's dwindling foreign investment sparks skepticism and fear of economic consequences. 13:38 China's policies raise doubts among International Business Leaders about promises and intentions. 13:38 Skepticism towards China's ability to pursue development due to past policies hindering progress. 14:09 Exodus of foreign capital and lack of new investments indicate a dire situation with potential severe consequences.
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  1065. 😔 China's economy is experiencing severe stagnation, leading to a decline in employment opportunities, soaring prices, and shrinking wages. 00:00 Major cities like Beijing and Shanghai are also feeling the impact of economic downturn, with malls seeing significantly fewer visitors and the streets being quiet. The combined revenue from the narrator's mine and their husband's two stores amounted to just 139 yuan ($19 USD), leading to operating losses and financial struggles. The previous two years were tough for brick-and-mortar stores due to the pandemic, but this year's economic challenges have made it even harder for businesses to survive. 📉 Shanghai's economy has been severely affected by the pandemic, with many businesses closing down and a decline in tourism. 02:59 Before the pandemic, the average wait time for taxis in Shanghai was about half an hour, but now taxis are available within five minutes. Many storefronts, especially in bustling areas, are now closed, and malls that were developed a few years ago are largely shuttered. Small shops near Shanghai's railway station have also closed down, and there is a decline in travel and tourism. 📉 Carrefour and Walmart stores in China are closing due to economic downturn and lack of job positions. 05:52 Carrefour's largest store in Beijing and the third-largest in the country in Shuangjing had closed. Walmart has closed over 60 stores in mainland China in the past three years. Zhongguancun, a hub for the tech industry and entrepreneurs in Beijing, has seen many companies close due to financial hardships. 📉 China's economic recovery is lagging behind expectations, with reduced labor supply and weak consumer confidence. 08:52 China's official statistics provide only a general trend and limited practical value. The Chinese government bolsters short-term economic figures through inefficient government investments. China's private consumption has not seen a strong rebound, with consumer confidence dropping and younger population showing higher consumption tendencies. 😔 Rising unemployment and declining economic growth rates in China have led to growing despair among the youth and disillusionment among investors, while President Xi Jinping's aspiration to centralize power has disappointed many. 12:15 China's urban youth unemployment rate reached a record 21.3%, causing widespread concerns internationally. Mr. Li Hengqing expressed concerns about the situation and its potential similarities to the events leading up to the Arab Spring. The government decided to halt the publication of the alarming youth unemployment statistic.
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  1068. ⚠ China's homegrown C919 airliner experienced a halt to operations due to issues with the bleed air system, causing a decrease in altitude and potential oxygen deprivation. 00:23 The C919 airliner had to be grounded and replaced by an Airbus A320 due to issues with the bleed air system. 00:23 The C919 returned to service after resolving the bleed air system issues. 00:46 Aviation enthusiasts speculated that a serious malfunction occurred during a flight, resulting in a sudden drop in altitude. 01:25 Insufficient bleed air and oxygen can lead to discomfort and potential health risks for passengers. 02:22 The C919 may have experienced bleed air system failures in both engines, requiring reliance on the APU bleed air system. 03:00 🛫 The development of China's C919 aircraft is facing multiple challenges and delays, raising concerns about flight safety and China's ability to master the necessary technology. 03:57 China Eastern Airlines received its first C919 aircraft in December 2020 and initiated a 100-hour flight validation. 03:57 The validation flight aimed to simulate the entire flight procedure and prepare for commercial passenger flights. 04:15 The C919 experienced failures in its reverse thrust system and engine's bleed air system, leading to delays and grounding. 04:54 The repeated failures raise questions about the Chinese government's promotion of homegrown aircraft and the potential safety risks. 05:49 The development of domestic large aircraft serves not only civil aviation needs but also military technology advancement, particularly in engine technology. 07:09 😮 China's development of the C919 aircraft and domestically-produced engine has led to sacrifices and challenges in the pursuit of advancing their military capabilities. 07:26 The development of the C919 aircraft was not solely an aviation plan but rather a military one, aiming to gather data for the development of China's domestically-produced J-20 jet engine. 07:26 Several pilots have lost their lives following the J-20's transition to the domestically-produced WS-15 engine, allegedly suppressed by orders from President Xi Jinping. 07:47 President Xi Jinping's sentiment implies that potential air disasters would be seen as sacrifices for the country's advancement. 08:23 China faces challenges in producing reliable engine casings and lacks the capability and knowledge to comprehend and master the composition of materials used by engine manufacturers like GE. 09:01 China's pursuit of fully independently manufacturing the engine for the C919 is an uphill battle due to limited global suppliers and dominance of major engine companies. 10:23 🛫 China faces challenges in fully manufacturing engines due to limited access to GPU computing power, cultural and systemic challenges, and flight safety risks. 11:02 The United States has consistently limited China's access to GPU computing power, obstructing its progress in engine manufacturing. 11:02 China faces cultural challenges such as a societal atmosphere leaning towards taking shortcuts and a state structure that may suppress independent thinking and innovation. 11:41 Many key aerospace technologies are held by foreign companies who are unlikely to share them with China. 11:58 China's heavy reliance on foreign parts for its C919 aircraft poses flight safety risks. 12:19 The grounding of the C919 has sparked reflection and concerns over potential disruptions in the aviation industry and political problems. 13:57 🛫 The grounding of the C919 aircraft exposes China's deficiencies in aircraft manufacturing technology and its capability for independent innovation, which could be further exacerbated by potential western sanctions. 14:37 Establishment of final assembly lines by Airbus and Boeing in China was believed to have provided valuable experience and technology. 14:37 The grounding of the C919 reveals China's shortcomings in aircraft manufacturing technology and independent innovation. 14:57 Western sanctions could make sourcing necessary parts challenging, potentially leading to flight cancellations and service disruptions. 15:16 Additional sanctions by the U.S. could restrict the supply of key components for the C919, causing a major setback for China. 16:13 China faces challenges in integrating diverse components and electronic control systems in the C919, compared to the expertise of the West. 16:34
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  1076. Recent Typhoons, Floods, and Droughts Devastate China's Crops, Posing a Severe Threat to Food Security as 20% of the Nation's Harvest Faces Total Loss 🌊 Recent typhoons in China have caused extensive damage to crops and raised concerns about food shortages. 00:13 Typhoons Saola and Haikui have caused heavy rains and flooding in China's Southeastern Coast. 00:13 The destruction of crops in the northeastern provinces has increased the risk of food shortage for the Chinese population. 01:05 Corruption and poor decision-making within the CCP have been revealed during the grain shortage crisis. 01:23 The anticipated harvest season in China may witness a larger reduction in yield or even no yield due to the typhoons. 04:13 International grain prices have soared due to climate fluctuations and export restrictions imposed by countries like India. 04:35 China's President Xi Jinping has proposed strengthening the food supply chain to reduce reliance on imported food. 06:11 This move is speculated to be a strategy to prevent potential food sanctions in response to China's alleged plans to attack Taiwan. 06:38 🍚 China's challenge to achieve complete independence from the global food market seems virtually impossible given its reliance on food imports and limited self-sufficiency. 07:15 China consistently ranks first or second globally in international food imports, with a peak in grain imports in 2021. 07:15 China heavily relies on soybean imports, which constitute 95% of total consumption. 07:45 China's heavy reliance on oil and soybean meals for feed highlights the gravity of the situation. 08:07 Approximately 21% of the population depends on imported food, and any reduction could lead to hunger for about 20% of the population. 08:44 Severe climate disasters, such as typhoons and floods, have impacted domestic food security. 08:58 China's limited self-sufficiency and inadequate arable land pose challenges to food security. 10:01 China's food self-sufficiency rate has decreased from 94% in 2000 to 66% in 2020, with imported grains comprising one-fourth of total grain production. 10:32 🌾 Farming in China is not lucrative, leading to a decline in young farmers and concerns over food security. 11:14 Farming in China is not profitable, with small farming households struggling to make a living. 11:14 The net profit from farming corn is low, resulting in an annual income below the minimum wage standard. 11:44 The youth in China are reluctant to take up farming due to its lack of profitability. 11:54 Cultivating grains on limited arable land yields low income and operational costs are high. 12:14 The Chinese government is trying to expand arable land to secure the nation's food supply. 13:02 The reverting forests to farmland initiative has faced criticism for infringing farmers' rights. 13:44 Chinese agriculture is struggling to transition to large-scale land management, resulting in stagnant output and high operating costs. 15:19 🌾 The Chinese government's inefficient policies to expand arable land and boost agriculture yield are undermining efforts to reduce dependence on imports and causing a growing food crisis. 16:02 The administrative approach to increase arable land fails to improve China's economic environment and food supply. 16:02 The urgency of the food crisis in China is evident in the Chinese Communist Central Committee's focus on food security. 16:37 Fabrication and misinterpretation of data concerning China's grain reserves pose a real threat to food security. 16:57 Reports indicate significant issues in China's grain reserves, including storing spoiled grains and corruption in grain storage management. 17:11 The true state of China's grain reserves and the discrepancy between official figures and actual stockpiles are deeply concerning. 18:39 Chinese Communist Party officials involved in grain purchase and sales have engaged in corruption and embezzlement, severely affecting national grain security. 19:00 Corruption methods include circle grain, where officials acquire undue benefits through their positions. 19:30 😔 The video discusses fraudulent activities in the grain industry and their impact on national food security. 19:36 Collusion between grain managers and merchants to sell and repurchase grain for profit. 19:36 Fabrication of grain purchase and sale transactions to embezzle grain funds. 20:02 Concealment and unauthorized sale of excess grain for personal gain. 20:09 Cheating farmers during grain purchases through dishonest tactics. 20:37 Exploitation of price differences by settling with farmers for lower grade grain and selling it as higher grade. 20:56 Fabrication of grain losses and illegal reselling for personal profit. 21:20 Numerous officials express remorse for neglecting national food security and engaging in fraudulent activities. 21:27
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  1081. 🏠 In certain areas of Beijing, the cost of living in tiny houses is extremely high, with a MINISCULE ~small space priced at an eye-watering 2 million yen, whilst looking unduly shoddy, wretched, low-grade & cheap. 00:23 The cost of renting a tiny house in Beijing can be over 1,000 yen per month. A small house with only 3-4 square meters of usable area is priced at 2 million yen. Many parents in Beijing invest their life savings to secure a future for their children. 🏙 The video explores the housing disparity in Tong Yen, a residential area in Beijing. 03:16 Tong Yen is a large yet unpopular residential area in the northern part of Beijing where many migrant workers and those facing economic challenges reside. There are not many day jobs available in Tong Yen recently due to a slow market. The largest daily wage market in Beijing, MAA, is crowded with people looking for work as early as 5:00 a.m. 💼 The video explores the challenging lives of grassroots workers in Beijing, who struggle to find stable work and live on meager earnings. 05:48 Beijing's grassroots workers face difficult living conditions and uncertain employment prospects. MAA is a popular spot for daily wage workers, offering temporary shelter and a sense of community. Workers strive to save money to send back home and survive on low-cost living arrangements and cheap food. 🏙 Despite being natives of Beijing, residents in the old part of the city face economic dilemmas due to skyrocketing real estate prices and living costs that don't match their incomes. 08:33 The old part of Beijing, located within the second ring district, is filled with worn-down dwellings that many residents cannot afford to sell or renovate. The living conditions in the old part of the city, known as hutongs, are drastically different from the modern highrises in Beijing, with communal bathrooms being a common feature. 😢 People living in harsh conditions without houses struggle to find partners and start families. 11:18 The lack of a house is a barrier to marriage and having children. The harsh living conditions include freezing water and limited resources. Many people in the area have small homes, with some as small as 10-11 square meters.
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  1087. 🏢 Recurring incidents of building collapses in China due to shoddy construction and lack of safety inspections. 00:00 A two-story mini supermarket in Beijing collapsed, resulting in four injuries. A sinkhole formed in the road leading up to Tunnel 60 in Beijing. A section of the foran Ring Road in Beijing caved in, swallowing a small car. 🌉 The Lija Thai Central bridge collapsed due to heavy rain, with two cars falling into the void. 04:44 One car was dangling from the collapsed section and another was submerged in water. The collapse of the bridge indicates inferior construction. A road in the Shinjin Guangong Province also collapsed due to a violent downpour. 🏢 Multiple incidents of building collapses in China raise concerns about construction quality. 08:46 The collapse of a highway bridge was attributed to the combination of a single-column structure and overloaded trucks passing over it. A seven-story office building collapsed, trapping 11 people and resulting in injuries and fatalities. Another incident involved the collapse of an auxiliary building at a hotel, causing multiple fatalities. 😱 The collapse of a two-story restaurant in Linin City, China resulted in 29 fatalities and seven serious injuries due to violations of land regulations and unauthorized expansions. 13:19 The collapse of the restaurant resulted in 29 fatalities and seven serious injuries. The restaurant had consistently violated land regulations and made unauthorized expansions. Local authorities failed to check the violations and ensure proper construction. 💣 The investigation revealed widespread corruption and illegal construction in the Shinja Hotel, with officials prioritizing formalities over public safety. 17:27 Documents such as the hotel's firesafety inspection certificate and construction completion report were found to be counterfeit. The owner admitted that the hotel was an illegal construction from the beginning. Officials and business owners colluded under the CCP system, neglecting public safety for formalities.
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  1096. 😔 Ordinary people struggle to find stable jobs with fair salaries, leading to demoralization and lack of motivation. 00:07 Companies offer low salaries, even for experienced professionals. Struggling to find a job leads to demoralization and lack of motivation. Finding work as an older programmer is extremely difficult. 😔 Chinese youth express feelings of hopelessness and resignation towards life due to intense competition and economic challenges. 03:41 Chinese youth are facing fierce competition in the job market and are increasingly adopting a 'lying down' mentality. The living environment in China has become harder with increasing difficulty in earning money and soaring prices. The unemployment rate among Chinese youth has been a concern since the start of this year. 📊 Official unemployment figures in China do not reflect the true severity of the situation, with only around 30% of university graduates in Shanghai finding employment. 06:38 University data shows that only around 30% of university graduates in Shanghai managed to secure employment. Even in a metropolitan area like Shanghai, most postgraduates struggle to find jobs and end up unemployed. The official unemployment data in China does not include a large population of unemployed workers, such as migrant workers. 📉 Chinchin, a 29-year-old with a bachelor's degree, had to transition from home appliance marketing to recycling used clothing due to the decline in the real estate sector and a decrease in demand for appliances. 09:27 Chinchin's annual income reached over 300,000Yen in the real estate industry, but it took a hit when the sector declined. Chinchin resigned from her role in home appliance marketing and started recycling used clothing, resulting in a significant drop in income. Chinchin now finds herself competing for work with blue collar workers and has resorted to distributing flyers and using loudspeakers to announce her services. 📉 The pandemic, strict government policies, and economic challenges have led to a rise in unemployment among young people in China. 12:25 Living costs in Chungu are much lower than in Beijing, making it less appealing for young people to settle in Beijing long-term. The CCP's strict policies and crackdowns on various sectors have intensified economic woes and eliminated many job opportunities. Unemployment among young people in China has worsened, with many facing job losses and financial difficulties.
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  1103. According to the U.S. Customs and Border Protection (CBP), from October 2022 to April 2023, the number of illegal border crossings by Chinese nationals encountered at the southwestern U.S. border reached 9,854¹. This is a significant increase from previous years, and reflects the growing demand for visas and asylum among Chinese citizens who are dissatisfied with the economic and political situation in China. Some of the reasons why Chinese citizens choose to immigrate to the U.S. include: - The desire for more freedom, democracy, and human rights - The fear of government surveillance, censorship, and repression - The lack of opportunities, innovation, and social mobility - The dissatisfaction with the environmental pollution, food safety, and public health - The aspiration for better education, health care, and living standards However, immigrating to the U.S. is not easy or cheap for Chinese citizens. They face many challenges and risks along the way, such as: - The difficulty of obtaining visas or asylum due to strict policies and procedures - The danger of traveling through dangerous routes and regions, such as the Darien Gap or Mexico - The exploitation by smugglers, traffickers, or corrupt officials who charge high fees or extort money - The discrimination or hostility by some locals or authorities who view them as illegal aliens or potential threats - The adaptation to a new culture, language, and society that may be very different from their own Despite these challenges and risks, many Chinese immigrants are willing to take the leap and pursue their dreams in the U.S. They hope to find a better life for themselves and their families, and contribute to the diversity and prosperity of their new country.
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  1105. 💰 China's covert technological theft from South Korea's electronics industry has resulted in a loss of $19.6 billion, with a former Samsung executive colluding with Foxconn to establish a semiconductor company in Singapore and stealing Samsung's semiconductor technology. 00:00 China targeted the global electronics industry, initially focusing on the US but later extending its activities to Europe, Japan, and finally South Korea. 00:00 South Korea suffered a staggering loss of $19.6 billion from technological outflow to China between 2018 and 2022. 01:15 A former senior executive of Samsung Electronics, Mr. Choi, betrayed the company and collaborated with Foxconn to establish a semiconductor company in Singapore. 01:31 Over 200 employees from Samsung Electronics and other Korean semiconductor companies were recruited to procure design blueprints and data for the establishment of a semiconductor factory in Xi'an, China. 02:27 While the original plan did not materialize, a $360 million R&D center funded by the Chengdu municipal government in China has been using stolen Samsung Electronics semiconductor technology. 02:55 China's Covert Theft of South Korea's Electronics Industry Results in a $19.6 Billion Loss: Former Samsung Executive Collaborates with Foxconn, Stealing Semiconductor Technology 🔍 China's dominance in the global electronic products industry and technology acquisition from Korean engineers 04:02 Chinese Communist Party set up an R&D center in South Korea to avoid surveillance by South Korean intelligence. 04:02 China seized half of the global shipments in the organic light-emitting diode (OLED) competition. 04:30 China dominated the global LCD market with a share of 42.5%, surpassing South Korea's 36.9%. 04:44 Chinese mobile phone manufacturers accounted for half of the global shipments in the second quarter, but Samsung and Apple's potential purchases could change the figures. 05:18 Chinese panel companies heavily rely on Korean engineers, but are reducing Korean staff involved in LCD panel design and production. 06:15 📉 The Chinese panel industry, despite its control of the global LCD market, may face decline due to lack of core technology and low-profit margins. 08:00 Samsung became CSOT's second-largest shareholder after reinvesting funds from the sale. 08:00 Chinese companies hold shares of listed Chinese companies, creating a strategic alliance with Korean companies. 08:10 The panel industry is maturing, with stagnant demand and consumers not replacing screens annually. 08:35 Chinese panel manufacturers have not mastered core technology and their products are priced significantly lower than top-tier manufacturers like Samsung. 09:16 BOE Technology Group, a Beijing state-owned company, faces internal issues including long working hours, low salaries, and corruption. 09:45 🔍 BOE Technology's competitiveness is impacted by internal management and technical issues, and its international market behavior has stirred up controversy. 12:15 BOE's competitiveness in the panel and semiconductor industries is severely impacted by internal management and technical issues. 12:15 BOE's international market behavior has stirred up considerable controversy, including a lawsuit filed by Samsung. 12:32 BOE's actions at the Mobile World Congress in Shanghai received strong disapproval from telecommunications giants. 12:47 The history of LCD panel development involves the US, Japan, South Korea, and now China. 13:05 BOE Technology's success in entering Apple's supply chain is uncertain due to potential actions against China's OLED industry. 14:40 ⚔ China's growth in display panel and semiconductor industries faces challenges from potential export controls and sanctions by Western nations. 15:55 The United States may impose export controls on China's OLED industry, restricting its growth. 15:55 China may need another 5 to 10 years to surpass South Korea in the display panel industry. 16:51 China's breakthrough in the semiconductor industry is enormously challenging due to the complexity of the interconnected semiconductor industry chain and comprehensiveness of U.S. sanctions. 17:24 China's attempt to replicate its success in the photovoltaic sector in the semiconductor sector fell short of expectations due to the complexity of semiconductor technology. 17:58 Collaborative efforts by the Biden administration and its allies to limit China's access to advanced semiconductor manufacturing technology may be effective. 18:38
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  1106. Chinese Civil Servants Face Financial Struggles: No Pay for 9 Months, Compelled to Purchase Valueless Bonds, and Economic Crisis Deepens 💰 Rumors of large civil servant pay cuts in Shanghai have been circulating, with directors seeing a sharp decrease in their annual salary. 00:14 Directors in Shanghai have seen their annual salary drop from 240,000 to 150,000 Yuan, while those above the department level experienced a decrease from 350,000 to 200,000 Yuan. 00:14 The drastic pay cut is expected to impact civil servants' enthusiasm to work, but salaries are still considered high in Shanghai. 00:29 Further reductions in salaries are anticipated, potentially leading to noticeable deflation. 00:47 Since the outbreak of the pandemic, there have been reports of salary cuts for civil servants, teachers, and public sector employees. 01:12 Civil servants in Eastern coastal areas of China, such as Guangdong, Georgetown, and Zhangsu, have experienced salary cuts of around 20 to 30 percent. 01:28 📉 Civil servants in China are being coerced to purchase Urban investment bonds with little value, contributing to the country's growing debt. 03:46 Government institutions are forcing civil servants to buy Urban investment bonds, which are practically valueless. 03:46 Civil servants are taking out loans to purchase these bonds, with interest rates as high as 3.5%. 04:39 The purchase requirements for these bonds vary based on ranks, ranging from 500,000 to 2 million Yuan. 04:54 The real estate market and economy in China are struggling, leading to a debt of 65 trillion yen in Urban investment bonds. 06:09 The projects funded by these bonds may have little value, as they are not attracting funds from banks at lower interest rates. 06:31 🏦 Urban investment companies in China are opting to raise funds from civil servants at high interest rates, indicating that banks do not recognize the value of their projects. 06:56 The projects held by urban investment companies offer no returns and cannot secure funding from banks. 06:56 Urban investment bonds are issued by urban investment companies to raise funds for local construction. 07:27 Local governments establish financing platforms for urban investments, relying on land sales and collateral. 07:48 Urban investments have accumulated a colossal debt of 65 trillion yen, mainly due to borrowing new loans to repay old ones. 09:00 With the slumping real estate market and strained government finances, urban investments hold unsellable land and loss-making infrastructure as assets. 09:17 😔 The economic situation in China is severe, with a decline in growth rate, reduced income, layoffs, and salary cuts in various industries. 10:09 Growth rate in China dropped from around 10% for three consecutive years to 2.83% in 2020. 10:09 Pandemic, reduced income from Land transfers, and increased VAT tax rebate policy have added to local fiscal pressure. 10:18 Layoffs are happening across all industries in China, with youth unemployment rate at 20.8%. 10:48 Employees at Shanghai Putin Development Bank staged a sitting protest against pay cuts. 11:03 Many smaller banks in China are cutting salaries and benefits during the pandemic. 12:33 📉 China's economic situation is worsening, with a decrease in price index, high unemployment rates, and urgent calls for stimulus measures. 13:42 Price index decreased by 4.6% YoY and 0.9% MoM. 13:42 Unemployment rate at 5.2% with youth unemployment reaching 20.8%. 13:50 Senior CCP officials held emergency economic meetings and agreed on the need for coordinated stimulus measures. 14:09 The central government is facing a dilemma on implementing stimulus measures. 14:51 The CCP's dictatorial system is causing problems and becoming impossible to resolve. 15:22 ⛑Have a good weekend☦:thanksdoc:✝
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  1108. 😡 Account holders in Chinese banks, including large state-owned banks, are facing issues of frozen bank cards, withdrawal restrictions, and unexplained transfers of funds into financial products or real estate bonds. 00:00 A distressed woman was unable to withdraw her life savings of 660,000 yuan from an Agricultural Bank as it had been converted into a financial product. 00:00 Similar incidents have occurred in Henan and Anhui rural banks, with victims still trying to reclaim their deposits. 00:35 A woman at China Construction Bank found her fixed term deposit had been transferred out of her account and used to purchase real estate bonds upon maturity. 00:49 Account holders faced difficulties in obtaining proof of their transactions as the individual who previously helped them was not an employee of the bank. 01:51 Multiple banks, including China Merchants Bank, ICBC, Agricultural Bank, and Ping An Bank, have been reported to freeze accounts unreasonably, leading to withdrawal restrictions and obstacles. 02:56 📉 Goldman Sachs downgrades several Chinese banks due to concerns over local government debt. 04:11 Goldman Sachs issued a ratings adjustment report on the Chinese banking industry, downgrading 12 state-owned banks and some joint-stock banks. 04:11 Bank of China and China Merchants Bank were given a 'Neutral' rating. 04:30 The downgraded banks include Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, Industrial Bank, and Huaxia Bank. 04:30 The decline in the Hong Kong bank index on July 5th suggests investors are selling off Chinese bank stocks. 04:47 The report highlights the high level of local government debt carried by the banks, which could lead to asset devaluation and decreased profits. 05:43 🏦 Local government debt in China poses a significant risk to the financial system and stability of the Chinese Communist Party. 07:21 Local governments in China are on the verge of collapse due to the burden of debt and inability to declare bankruptcy. 07:21 Wage arrears for civil servants and teachers do not greatly impact social stability, but unpaid wages for city management and public security could shake the power stability of the Chinese Communist Party. 07:59 Local governments are not afraid to borrow money as the central government ultimately takes responsibility, but substantial defaults on local debt would destabilize the financial system. 08:16 The finance department of the central government does not want to directly rescue bankrupt local governments, shifting the risk onto banks. 08:54 There may be a change of personnel at the People's Bank of China to address the burden of local debt, as finance professionals understand the potential problems it poses for banks and the Chinese economy. 09:49 💰 The financial power in China is shifting away from the People's Bank of China (PBC) leaders to Xi Jinping's confidant, He Lifeng, who controls the Central Financial Committee. 10:47 Current PBC leaders Yi Gang and Pan Gongsheng do not have much decision-making power on important matters. 10:47 He Lifeng, a protégé of Xi Jinping, understands his thoughts better than anyone else. 11:27 He Lifeng is responsible for the establishment of the Central Financial Committee. 11:46 All banks in China are policy banks and must operate according to the needs of the CCP. 12:20 Forcing banks to lend to local governments could have deadly consequences for the banks and the macro economy. 13:17 💰 Using bank loans to repay local government debt in China could lead to significant monetary tightening and a potential downgrade of China's banks' credit rating. 13:36 The entire profit of the Chinese banking industry in 2022 was approximately 2.1 trillion yuan. 13:36 Long-term lending to local governments could reach up to 60 trillion yuan, causing significant interest loss for banks. 13:57 Lending 20 trillion yuan to local governments would tighten monetary policy and hinder lending to enterprises. 14:36 If China's banks face major issues, US capital may react by reducing holdings or making other adjustments. 14:54 Low profit margins and inability to cope with large-scale interest subsidies to local governments could lead to banks' inability to survive. 16:27 💰 The burden of China's local government debt crisis will fall on the ordinary people, as banks may recall loans from them to cover losses. 16:45 If local government debt exceeds 500 billion yuan, banks may suffer massive losses and have to recall loans. 16:45 Chinese commentator suggests locking savings accounts for 20 years to make them practically void. 17:52 The burden of the local debt crisis will ultimately fall on the Chinese people. 18:10 Chaotic phenomena like frozen savings accounts and withdrawal restrictions will become more frequent in major banks. 18:27
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  1134. Good video: Mario is a proper Prince of Gold. Below is a time-stamped summary. 📈 This video discusses the cup and handle formation in the gold market and its significance in terms of technical analysis and perception management. 00:13 The cup and handle formation in the gold market is being analyzed in terms of its historical performance and its potential in the present day. The importance of understanding gold beyond its price and trading paper gold is emphasised. The cup and handle formation also has implications for perception management by the powers that be. 💰 Gold is seen as insurance against political uncertainty, economic disorder, and the whims of central banks. 04:43 The primary reason to own gold is that it maintains value, especially during times of crisis. Gold allows individuals to become their own Central Bank and protect their wealth from depreciation. 📉 The video discusses the cup and handle pattern in gold and the significance of price suppression by powers. 08:33 The cup and handle pattern in gold indicates price suppression by the powers. Gold is not a get-rich-quick scheme and requires patience as it protects the value of savings over time. Gold has turned into a speculative market since 1975. 📚 A scholar and economist discusses the importance of gold and bond yields in indicating inflation, referencing historical events and research conducted by Gata. 13:06 The scholar was the United States Deputy Secretary of the Treasury from 1995 to 1999. Robert Rubin, former Treasury Secretary, started his career at J Aaron. Gold dropping in 1996 signaled the start of the leasing program by bullion banks. 💰 The video discusses the disparagement against gold and the potential for it to break out in the near future. 17:37 There has been a history of disparaging editorials and articles against gold in the mainstream Financial press. Gold is currently at a new high of $2012 per ounce.
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  1156. 💰 China and Saudi Arabia announced a 50 billion yuan swap line for non-oil trade, challenging the Petrodollar. 00:54 China and Saudi Arabia announced a 50 billion yuan swap line for non-oil trade. 🔔 The video discusses the importance of being self-reliant and not relying on the state, as well as the impact of the Petrodollar on the global economy. 04:15 The speaker emphasizes the need for individuals to be self-reliant and not depend on the state. The video covers the significance of the Petrodollar and its impact on global currencies. The speaker has been discussing the Petrodollar for several years to warn Americans and the rest of the world. 📜 The video discusses the importance of the Petro dollar deal and the security cooperation agreement between Russia, Saudi Arabia, and China. 08:52 The security cooperation agreement between Russia, Saudi Arabia, and China was signed shortly after the US left Afghanistan. The Petro dollar deal ensured that Saudi Arabia would sell its oil in dollars, maintaining demand for the currency. The US dropped the gold standard in 1971, leading to the need for the Petro dollar deal to maintain the demand for the dollar. 💰 Saudi Arabia is seeking to strengthen its relations with China as part of an effort to diversify its economy away from energy. 13:24 Saudi Arabia is the world's largest oil exporter and is looking to diversify its economy. The country is seeking to strengthen its relations with China. Saudi Arabia may eventually price oil in its own currency and not use the US dollar for trade. 💰 The dollar is down against multiple currencies, including the yen and the Chinese yuan, which could potentially benefit gold and silver. 18:05 The dollar index could go down to 90, which would still be above its all-time low from 2008. Gold has gone up 100% since 2008, while the dollar index has gone up 48%.
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  1173. 📉 The video discusses the impact of a gold-backed trading currency on the economic and political freedom of the BRICS nations, and challenges mainstream reports on China's deflation. 00:00 Discussion on the potential impact of a gold-backed trading currency on the economic and political freedom of the BRICS nations Challenging mainstream reports on China's deflation and providing alternative perspectives based on personal connections in Hong Kong and China 🌐 The speaker discusses the potential of BRICS countries and the importance of economic freedom. 03:32 The speaker is skeptical about the idea that BRICS countries will become great places to live or have strong economies. They emphasize the importance of economic freedom over political freedom in a free society. 📚 The video discusses the book 'The War on Gold' by Anthony C. Sutton and its connection to economic and political ideas in totalitarian societies. 07:19 The book discusses the discipline of gold and its relationship to economic and political ideas in totalitarian societies. The Nazi state and its proposed program of world domination declared war on gold as a final stage. ⚒ The video discusses the use of gold in Soviet socialism and its impact on the economy and military power of the USSR. 10:32 Stalin recognized the contribution of the California Gold Rush to American industrial development and introduced a similar gold mechanism to advance Soviet socialism. The Soviet Union confirmed its faith in gold for external use by issuing the first gold coin since 1923, using it to purchase technology and food to overcome internal deficiencies. Gold is seen as a double-edged weapon by the Soviets, used to build a totalitarian society internally and advance Soviet-style imperialism externally. 💰 The video discusses the current status of gold, silver, Dow futures, NASDAQ 100 futures, S&P futures, and currency exchange rates. 14:03 Gold is testing the 2000 level and is just below at $1,997 Silver is slightly up at $23.05, with Dow futures down 25 points The dollar has rebounded against the Yen due to weak economic data from Japan and less hawkish comments from the Bank of Japan Governor Tammy.AI Register Log In Contact Privacy Policy Terms FAQ Popular Topics
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  1284. These wars all harm the formerly-Christian West more than anyone else: ⚔ The conflict in Israel took everyone by surprise, with indications of a catastrophic intelligence failure. 00:40 The Hamas operation caught everyone off guard, including the Israeli military. There is no evidence of collusion between the US and Israeli governments in the conflict. ⚠ The possibility of a long war in Gaza with outside powers getting involved could intensify divisions within Israeli society. 05:36 There is a concern that a prolonged war in Israel could lead to divisions within Israeli society and may be part of Hamas's plan. There are calls from neocons in Britain and the United States to deal with Iran, potentially leading to further conflicts. The neocons wasted no time in suggesting an attack on Iran, adding to the mistakes and follies already made. 🔍 There is a strong element of manipulation and self-interest in Hamas' actions, but it is unclear if Iran was behind the attack. 10:49 Hamas may be wanting to involve every single person of Islamic beliefs in the war. It is uncertain if Iran was actually behind the attack, but there is a possibility of manipulation by Hamas. Iran's recent actions, such as improving relations with Saudi Arabia and making trade deals, suggest a rational approach by the Iranian leadership. 🤔 The speaker agrees that the deal between the US, Saudi Arabia, and Israel was flawed because it didn't involve the Palestinians, and questions the benefit of attacking Iran in relation to the conflict with Hamas. 16:54 The deal between the US, Saudi Arabia, and Israel was criticized for not including the Palestinians. The speaker questions the benefit of attacking Iran in relation to the conflict with Hamas. 🔍 Broadening the war would risk turning it into a religious conflict between Islam, Israel, and the West, which would not benefit Israel or the United States. 23:28 Enlarging the war to include Iran would not help Israel or the United States and could involve the United States in another conflict. Keeping the war contained is in the best interests of Israel, the United States, and the West. 🔍 Russia's involvement in Ukraine is seen as a distraction by both the Biden White House and the speaker in the video. 27:43 Both the Biden White House and the speaker believe that Russia's involvement in Ukraine is a way to divert attention from their own mistakes. The speaker suggests that politicians often widen the war and escalate conflicts to shift blame and distract from their own failures. 🤔 There may have been some prior knowledge about the event, but it is unclear if it was deliberately withheld. 32:57 There might have been some prior knowledge about the event by intelligence agencies in Israel and the United States. It is unclear if the knowledge was deliberately not relayed to the Biden White House or Netanyahu for political or other reasons. 😳 The video discusses how leaders like Joe Biden and Benjamin Netanyahu are fixated on their own political crises and not focused on the disaster that is unfolding. 37:27 Joe Biden is fixated on Ukraine and not focused on the disaster at hand. Benjamin Netanyahu is dealing with a political crisis in Israel and may also be distracted. There is a possibility that someone intentionally allowed the disaster to unfold to take advantage of it. 🔍 The speaker discusses the possibility of Hezbollah's involvement in a potential crash and highlights the incompetence of the Administration. 43:15 Hezbollah and Hamas are both enemies of Israel and may have had contact with each other. There is a possibility that Hezbollah was aware of the crash and played a role in it. 😕 The question is whether the Biden White House has the ability to engage in diplomatic off-ramp with Iran and find a solution to the conflict in Israel and Gaza. 48:01 The Biden White House needs to find creative and diplomatic solutions to contain the conflict and prevent a wider catastrophic war. The situation would be as worse as it can be if the US attacks Iran. The question remains whether there is anyone in the Biden White House who can engage in this type of diplomacy. 🔥 A conflict with Iran would be much more complex and devastating than many Americans realize. 53:09 A conflict with Iran would not be a cakewalk for the US and could lead to a catastrophic defeat. Many people underestimate Iran's ability to fight and think it would be a simple matter of knocking out oil refineries. Lindsey Graham's previous predictions about conflicts have been proven wrong.
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  1321. 🏭 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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  1323. 💔 A factory in Shandong, China closes down, leading to mass unemployment and the end of a 16-year journey for its employees. 00:22 Mass exodus of foreign capital in Shandong, China due to closure of a South Korean Enterprise factory. Employees packing up machinery and completing final tasks as the factory stands empty. Reports of generous compensations offered to employees as a gesture of gratitude. 📉 The video depicts the closure of a furniture factory in China, resulting in unemployment and the emotional impact on the employees. 02:56 Closure of the furniture factory and resulting unemployment wave Challenges faced by the employees during the closure process Emotional attachment to the workplace and the decision to take belongings as momentos 💔 The pandemic has led to a surge in unemployment, causing many businesses, including restaurants, to close down, leaving the once bustling city streets deserted and desolate. 05:35 Unemployment surge and business closures due to pandemic Restaurant owners struggling and facing closure Struggle of a restaurant owner after 25 years in the business 😔 Struggles of business owners during the pandemic and economic downturn. 09:04 Business owners are facing financial difficulties and are perplexed by the absence of customers despite promotional efforts. The pandemic has led to a cautious approach from both business owners and consumers, impacting consumer spending. Many businesses, including Chinese restaurants, have closed due to the economic impact of the pandemic. 😔 The speaker discusses the challenges faced by their e-commerce business due to the impact of the pandemic on sales and profitability. 11:12 E-commerce business has been severely impacted by the pandemic, leading to a significant decrease in sales and profitability. The speaker's business usually experiences peak sales during September and October, but this year the sales were even worse than the usual off-season. The industry is facing challenges such as undercutting on prices, increased shipping insurance costs, and a high rate of returns.
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  1334. China's Ambitious Renewable Energy Goals: Covering the Taklamakan Desert with Solar Panels Raises Questions about Dominance, Tax Evasion, Pollution, and Human Rights Violations 🌞 A video circulating on Chinese social media suggests the visual spectacle of covering the entire Taklamakan desert with solar panels, highlighting China's ambitious renewable energy goals. 00:32 China is investing heavily in solar energy projects in its desert regions. 00:32 Covering just 1% of China's desert area with solar panels could meet the country's entire electricity demand. 00:47 The Chinese government is constructing a massive new energy project called 'Ning Power Enters Hanan' to transport electricity generated in Ningxia to Henan. 01:16 The project's total investment is estimated at 100 billion yen (approximately 13.7 billion US Dollars). 01:40 Challenges arise due to the precarious location of electricity pylons in sandy and barren areas. 02:24 The project includes a 'Greening for Line Protection' plan to transform sand dunes into fixed or semi-fixed sandy land and restore vegetation. 02:47 China's substantial investments in the new energy industry highlight its emphasis on solar energy development. 03:48 🌍 The global rivalry between China and the US in the solar energy industry intensifies, with China's dominance and alleged tax evasion under scrutiny. 04:28 China's long-standing dominance in photovoltaic power generation is aided by political support, cheap labor, and tax evasion tactics. 04:28 India is investigating 40 major Chinese photovoltaic companies for suspected tax evasion. 05:01 Chinese PV companies may face hefty fines if tax evasion is proven. 05:37 There are signs of domestic component prices falling below their cost price, potentially leading to dumping. 05:52 The US is lagging behind China in solar panel and electric vehicle production. 07:27 Europe is seeking alternative energy sources due to a scarcity of traditional resources like natural gas and oil. 07:48 Germany was a leading player in the global solar manufacturing industry in 2005. 08:03 🌍 China dominates the global solar energy industry but also leads in environmental pollution. 08:34 Germany encouraged solar panels with subsidies, but later raised the price of renewable energy resulting in job losses. 08:34 China produces 80% of the world's solar panels and dominates the supply chain. 09:11 China emits the highest amount of carbon dioxide and has severe air pollution. 10:23 The Chinese government's emphasis on environmental protection may serve as a guise for expanding the new energy industry. 11:25 The production of solar panels causes ecological damage and the recycling of PV products is underdeveloped. 12:01 China's dominance in the global green energy manufacturing sector is aided by access to cheap labor, including political prisoners. 12:31 The international community is recognizing human rights violations associated with green energy production. 12:48 🌍 The Chinese Communist Party's involvement in the photovoltaic industry and human rights violations have led to sanctions and global awareness of forced labor practices in Xinjiang. 13:02 Huawei became a leader in the photovoltaic inverter field with support from the CCP. 13:02 Huawei's smart PV products are used in over 60 countries, reducing CO2 emissions. 13:41 Sanctions imposed on CCP officials increased global awareness of human rights abuses in Xinjiang. 14:24 International media and government institutions have confirmed and condemned CCP's human rights abuses and forced labor practices. 14:39 The solar energy industry's supply chain is dependent on Xinjiang, raising concerns about supporting forced labor. 15:01 China's photovoltaic industry is crucial for future discourse power in new energy. 16:44 US Customs seized solar components suspecting they originated from slave labor camps. 17:21 📉 The net profit of Tongwell, a leading company in China's photovoltaic industry, dropped by nearly 70% in the third quarter, while the net revenue and net profit of TCL Junguan, a silicon wafer company, both fell by more than 20%. 17:55 Tongwell's net profit in the third quarter dropped by nearly 70% year on year. 17:55 TCL Junguan's net revenue and net profit both fell by more than 20%. 18:02 On October 26, Tongu SN price opened significantly lower, falling over 7%. 18:11 Tongu and TCL Jong stock prices reached their lowest levels since March 2021 and mid-December 2020, respectively. 18:21 The third quarter reports released by Tongu and TCL Jong on October 25 were the catalyst for the decline in stock prices. 18:39 Tongu's net profit in the first three quarters decreased by 20.25% year on year. 18:46 TCL Jong's operating income and net profit in the third quarter decreased by 24% and 21% year on year, respectively. 19:33
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  1338. 📚 A Chinese lassy named Zo managed to pose as a socialite in Beijing for 21 days without spending any money, sparking public debate and discussion. 00:00 Zo, a student at the School of Experimental Arts, posed as a socialite in Beijing for 21 days without spending any money. Her story sparked public debate and discussion on the nature of societal operations. Zo's journey was a result of her meticulous planning and uncertainty about her future in Beijing. 🛫 A woman successfully sneaks into a first class lounge at an airport and enjoys free meals and snacks for several days. 04:13 The woman used a friend's boarding reminder card to gain access to the first class lounge. She stayed in the lounge for 4 days without being questioned or evicted. She took a significant amount of free food with her before leaving. 🎨 Creating gives her a sense of purpose and transforms her 08:26 Her creations make everything else seem less significant. She was touched by the staff's kindness and decided to sneak into an exclusive auction preview. She faced challenges in getting to the hotel for the auction preview. 🕵 Joi, an elegantly dressed woman, manages to deceive others into thinking she is wealthy and gains a security guard's attention. 11:49 Joi/Zhoi attracts the attention of a security guard who believes she is a wealthy woman attending an auction. Joi realizes that as long as she plays the part, no one will see through her deception. Joi's next goal is to access an upscale bathroom adjacent to the hotel pool. 🎨 An artist's social experiment with Gucci bags and expired pastries sparks discussions on societal issues. 15:40 Zo displayed the results of her 21-day social experiment in her exhibition Boo. Her project gained over a million views online and media outlets covered her story. The success of the experiment highlighted the influence of false status and symbolic recognition on gaining resources.
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  1339. 🔥 Multiple incidents of electric vehicles catching fire in China raise concerns about vehicle quality and safety. 00:00 Electric car made by Nano EV catches fire in HuangTian Town, Hojo City, Guangxi on March 6, 2023. A Han electric vehicle catches fire after colliding with a guardrail on the Belmont Expressway in Guangxi province on April 5. Great Wall Aura EV catches fire at a charging station in Nanyang, Guangxi on April 6. 🚗 A customer complains about serious motor system failures in an electric vehicle and the dealership's lack of response. 03:05 The customer lodged a complaint with a local District Market supervision Bureau but has not received a response yet. The customer expresses concerns about the unknown reason behind the malfunctions and the subpar quality of the vehicle. The customer mentions the specific model of the electric vehicle, wiwang by Bay, and highlights issues with the craftsmanship. 🔊 Chinese brands compete by reducing prices while foreign brands increase prices but improve product quality. 05:37 Chinese brands continuously reduced prices, while foreign brands increased prices but significantly improved product quality. Chinese electric vehicles have been heavily criticized for their battery quality, with the cost of battery replacement outweighing the savings from using an electric car. 🚗 Chinese electric vehicles face safety and quality issues, leading to an anti-subsidy investigation by the European Commission. 08:19 Chinese electric car brands BYD, MG, and Aura have faced safety and performance issues. Aura's electric vehicle emitted electric currents and had a burnt smell, with no plans to change its behavior. The European Commission is launching an anti-subsidy investigation into Chinese electric vehicles due to artificially low prices. 🔋 China's aggressive domestic subsidies aimed at capturing the international market are backfiring, leading to a surplus of batteries and trade barriers. 11:16 China's battery market is experiencing a supply-demand imbalance due to substantial subsidies from the CCP. China produced 233.5 gigawatt hours of batteries in the first five months of this year, resulting in a surplus inventory of 68.4 gigawatt hours. Trade barriers, including import requirements and tariffs, are making it harder for overproducing Chinese manufacturers to export their surplus.
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  1343. 📉 The Chinese Communist party's stance on private ownership has shifted, leading to a decline in support for private businesses. 00:46 The CCP voiced support for the private sector, but President Xi appears less enthusiastic about private ownership. State-owned behemoths have taken center stage, overshadowing private enterprises. Private businesses in China have faced unsettling incidents and a decline in foreign investment. 📉 Private businesses in China face uncertainty and inconsistency in government support, as seen in the cases of Country Garden and Schwentaw. 04:07 Country Garden received privileges and support from the Chinese government during economic recessions but lost them once state-owned housing enterprises regained stability. Schwentaw, an agrarian entrepreneur, faced backlash from authorities for overshadowing the achievements of the Chinese Communist Party with his successful hospital. 💼 The Chinese government suppresses powerful private giants through financial manipulation, legal and policy restrictions, and resistance to global listings. 07:49 Private enterprises contributed to 60% of China's GDP, generated 80% of its employment opportunities, and accounted for half of China's tax revenue in 2019. Private businesses shouldered a debt of 120 trillion U.N by 2020's close, posing potential seismic implications for China's financial landscape. Private enterprises play a pivotal role in societal stability by employing 300 😕 Recent policies and regulatory clampdowns in China have led to apprehensions and disillusionment among private sector players. 10:15 Stringent scrutiny and public denunciation of prominent private players have cast an ominous cloud over the segment. The Chinese Communist Party's approach towards private sectors swings between propelling their growth during economic troughs and restraining them during prosperous times. Entrepreneurs are gravitating towards other nations like Singapore, Dubai, and Malta due to grievances about China's trajectory and skepticism of its leadership. 📊 The establishment of the private economy development Bureau by the national development and Reform Commission and ERC seems to be a gesture of goodwill, but there's more than meets the eye. 13:38 The Bureau holds significant authority under the national development and Reform Commission, granting them decision-making power and positioning them as a critical link in policy approval processes. Lee Chong's reluctance to establish a private economy development Ministry at the ministerial level suggests a delicate balance between rejuvenating the private enterprise spirit and avoiding concerns of privatized entities becoming quasi-state owned.
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  1350. 🔴 Several high-ranking officials appointed by CCP President Xi Jinping have disappeared, causing unprecedented turmoil within the party. 00:07 High-ranking officials appointed by Xi Jinping have vanished from public view. Japanese media revealed signs of political unrest in China at this year's Baha meeting. At least 20 senior CCP military and political officials have disappeared. 🔍 The video discusses allegations of corruption and internal turmoil within the Chinese government. 02:29 Allegations of corruption and mismanagement have plagued the Chinese government for the past 10 years. A whistleblower on Twitter claimed that Xi Jinping berated officials and accused them of plundering the nation's wealth. The presence of a senior military figure at a recent meeting suggests pressure on Xi Jinping and dissatisfaction with purges in the army. 🔍 There is a power struggle within the Chinese government, with factions leaking information to international media to embarrass Xi Jinping and warn against further purges within the military. 04:56 There is a fierce power struggle within the Chinese government between Xi Jinping, the military, and other party factions. The leaked information aims to embarrass Xi Jinping and discourage further purges within the military. The strategy of exporting news and redirecting it domestically is used to galvanize anti-Xi factions within the party, government, and military. 🔍 The US government believes Leang Fu has been investigated and dismissed for corruption related to military equipment procurement, implicating eight other senior officials. 07:21 Leang Fu has been dismissed and investigated for corruption related to military equipment procurement. Leang Fu implicated eight other senior officials in similar corruption schemes. There is speculation that Leang Fu's purge may lead to dissatisfaction among the current Vice. ⚠ Autocratic leaders in the late stages of their rule often exhibit profound distrust towards their subordinates, leading to purges and questioning of loyalty. 09:46 Purging subordinates is an unusual move, indicating possible internal strife within the CCP. Xi Jinping's pursuit of personal dictatorship and mishandling of various issues have eroded loyalty among officials. Distrust and intelligence-led governance by Xi Jinping have created an environment of distrust among CCP officials.
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  1352. 📱 Apple's new iPhone 15 breaks sales records in China, surpassing 3 million pre-orders in just two days. 00:09 Despite the strong debut of Huawei's new model, the iPhone 15 sales figures are a resounding success. Huawei's slogan 'leaps and bounds ahead' is now associated with Apple's pre-sales as they aimed to surpass their competitor. The slogan 'leaps and bounds ahead' has taken on a patriotic sentiment, with netizens expressing support for national brands. 📱 Apple iPhones sell out in seconds online, causing website crashes and frustration among customers. 02:56 Apple's official website started selling iPhones and all were sold out within one minute, causing the website to crash. Prominent tech bloggers and customers had difficulty securing an Apple phone despite high demand. The availability of iPhones remained low, with frequent restocks and continued server crashes. ! Netizen compares Apple and Huawei stores in Shanghai and questions Huawei's promised lead. 05:25 Netizen films Apple store in Shanghai and questions where Huawei's promised lead is. Netizen visits Apple store and finds iPhone 15 not yet released. Apple's website crashes during iPhone 15 pre-order despite online detractors. 📱 Huawei's system update on the Mate60 series increased the number of cores, sparking discussion and sarcastic comments from netizens about software instigating hardware upgrades. 08:17 A system update on the Huawei Mate60 series increased the number of cores from 8 to 12. Netizens sarcastically comment on the software instigating hardware upgrades and discuss Huawei's 'far ahead' motto. Some netizens believe the patriotism surrounding Huawei products is unnecessary and Huawei's 'hunger marketing' strategy has backfired. 🍎 Ren Zhengfei's use of Apple products sparks controversy among Huawei supporters. 11:26 Ren Zhengfei's respect for Apple is seen as a sign of rationality and magnanimity. Ren justifies his use of Apple products by attributing it to his daughter studying in the U.S. Some nationalists are offended by Ren's daughter using an Apple phone.
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  1357. 📉 China's GDP growth of 5.5% in the first half of the year is likely overstated, with experts suggesting a contraction of around 6.4% based on tax revenue analysis. 00:24 China's GDP reached 59.3 trillion yuan in the first half of the year, with a year-over-year increase of 5.5% at constant prices. 00:24 Chinese citizens and international economists have expressed skepticism and a pessimistic outlook towards China's economic future. 00:39 The Chinese Communist Party has been criticized for manipulating statistical data, particularly GDP figures. 01:18 Various economic indicators point to a decline in the Chinese economy, including decreasing export orders, bankruptcies, and falling consumer spending. 01:34 A China-based big data expert suggests that China's GDP may have actually contracted by around 6.4% based on tax revenue analysis. 02:49 China's GDP Growth Is Inflated: Experts Suggest a 6.4% Contraction in the First Half of 2023, as Net Exports and Investment Decline, and Evergrande's Potential Bankruptcy Threatens the Real Estate Industry and Government Financing Platforms 📉 China's GDP components of net exports and investment are both showing declines, indicating a loss of momentum in the economy. 04:58 China's trade surplus decreased by 10.3% in the first half of the year, suggesting a decrease in earning power. 04:58 Net exports are unlikely to recover as supply chains move out of China and investments are withdrawn. 05:30 Fixed asset investment decreased by 10.4% in the first half of the year, indicating a loss of confidence in the future among private sectors. 05:43 Local governments, burdened with heavy debts, are unable to continue investing in infrastructure construction. 06:13 Government bond issuance for infrastructure investment has decreased by 27.4% due to local governments' inability to bear additional debts. 06:40 📉 China's economy experienced a significant contraction in net exports and investment, with modest growth in consumption. 07:36 The first half of this year saw a year-on-year decrease of 9.8% in China's economy, with a decrease in net exports and investment. 07:36 Retail data from entities above a certain limit showed a modest increase of 5.1% in retail sales compared to the same period last year. 08:21 The growth rate of car sales in the first half of this year was only 2.8%, indicating a sluggish consumer market. 10:33 The sale of excavators, a key indicator of investment activity, contracted by 44% in the first half of this year. 11:02 Overall, net exports and investment in China's economy contracted by 9.8% in the first half of this year, while consumption growth was only 5.1%. 11:20 📉 China's GDP is estimated to have declined by around 5% in the first half of the year and is expected to contract by around 10% for the whole year. 11:32 China's GDP in the first half of the year couldn't possibly have grown; it could only have declined by around 5%. 11:32 The situation will only worsen in the second half of the year, with an estimated annual GDP contraction of around 10%. 11:49 The Chinese Communist Party's leaders also recognize the severity of the economic situation. 12:00 Insufficient domestic demand, operational difficulties for some enterprises, and a complex external environment are major challenges for China's economy. 12:29 Consumer spending continues to decline, partly due to frugal habits formed during the pandemic. 13:31 ⚠ The Chinese real estate industry is facing a crisis as Evergrande's potential bankruptcy could trigger devaluations and impact government financing platforms and the banking system. 15:19 Evergrande, a Chinese real estate giant, reported a loss of 812 billion yuan over the past two years with total liabilities of 2.44 trillion yuan. 15:19 Evergrande's assets primarily consist of inflated lands recorded on paper, which would plummet in value once liquidated. 15:49 Hundreds of real estate companies in China have experienced bond defaults, breakdown of capital chain, or bankruptcy, leading to a surge in unfinished building projects. 16:29 Beijing authorities have rolled out policies to support private enterprises and boost investor confidence. 16:58 The Chinese stock market fell on the day when official media promoted 'heavyweight documents' supporting the private economy, indicating investor pessimism. 18:19 📉 Doubts arise about the CCP government's ability to support private enterprises and stimulate private investment in certain infrastructure sectors. 18:49 Hu Liren, a former private entrepreneur, doubts the practical implementation of government policies to support private enterprises. 18:49 Hu Liren observes that many Chinese entrepreneurs are not in a good state and maintains a pessimistic outlook for their future. 19:30 The CCP meeting acknowledges the complicated and severe external environment, impacting China's export trade. 19:57 Commentators believe there is no visible hope or bright spots for China's economy in the second half of the year. 20:12
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  1358. 💰 The government in Puka County, China, has implemented fines to maintain living standards and prevent a return to poverty. 00:00 Government worker emphasizes the link between unclean living conditions and a return to poverty. New set of standards and fines implemented by Puka County government to ensure quality of life. Document detailing fines for various household activities circulated online, sparking discussion. ⚖ Controversial fines imposed by the government in rural China spark criticism and raise concerns about privacy and autonomy. 03:58 Government imposing bewildering fines on impoverished people living in harsh conditions Concerns about intrusive and harsh management targeting villagers' private lives Local governments resorting to bizarre fines to generate revenue causing dissatisfaction and criticism 💻 A programmer in China faces legal trouble for accessing foreign company networks and GitHub. 07:43 The programmer plans to initiate an administrative lawsuit after October 1st and invited everyone to watch the trial. The programmer received tasks via GitHub and worked remotely on a company's network, but faced fines and salary confiscation for bypassing internet restrictions. Chinese netizens commented on the situation, expressing concerns and making jokes about bypassing restrictions. 🤔 The excessive fines imposed on individuals and businesses for minimal earnings have sparked outrage in Chinese society. 11:40:57 A couple and an elderly farmer were fined significant amounts despite earning very little from selling vegetables. The extreme punishments have caused widespread concern and outrage, even in the capital Beijing. A steamed bun shop in Beijing was fined for selling tofu pudding, which was deemed to exceed the permitted scope of operation for hot food. 🗣 The Chinese government's intervention in free speech and increasing local government debt. 15:44 The Chinese government's intervention in free speech is seen as excessive and raises concerns about freedom of speech. The debt balance of local government in China has reached 37.5 trillion yen, with concerns about hidden borrowings and financial distress in various provinces and cities. Provinces and cities in China, such as Guo Province and Yunnan, are facing financial distress, and the capital of Inner Mongolia openly stated difficulties in debt reduction.
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  1360. 00:00 Incident involving Chinese little pink disruptors during live piano performance in London 00:00 Chinese woman demands video deletion, claims cyber bullying and being labeled as British 00:20 Apology video draws ridicule and criticism, fails to clarify facts 01:31 🔍 Chinese internet personality accused of misleading and inciting patriotism, facing backlash and deportation calls. 04:02 Accusations of misleading and inciting patriotism against a Chinese internet personality. 04:02 Accusations of being a member of the Chinese Communist party's external propaganda team and suspected spy. 04:39 Revelation of the true purpose of the so-called recruitment company. 05:12 👀 Controversy arises as Chinese nationals face criticism from overseas influencers for their behavior, sparking calls for deportation. 07:10 Overseas influencers criticize Chinese nationals for their behavior 07:10 Calls for deportation of Chinese nationals 07:19 Criticism of Chinese laws and Communist Party rules 07:49 🇨🇳 Chinese netizens express support for democratic political reforms and criticize the CCP's authoritarian rule, leading to international scorn and despise for 'little pinks'. 10:40 Chinese netizens express support for democratic political reforms and criticism of the CCP's authoritarian rule. 10:40 The term 'little pinks' has become popular worldwide to describe individuals brainwashed by the CCP and irrationally defending the party. 11:01 Little pinks are described as victims of cognitive and consciousness impairments caused by the CCP's deceptive tactics. 11:45 ⚠ Threats and deportation of Chinese students in the US causing fear and anxiety. 14:14 Zoie facing serious threats and potential imprisonment for cyberstalking and Interstate threat transmission charges. 14:14 Multiple Chinese students denied entry at US airports and deported back to China, causing anxiety and uncertainty for their future. 14:45 15:02 Mangay unexpectedly deported despite having a valid student visa, now banned from entering the US for 5 years and facing extreme anxiety.
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  1366. 😢 Massive floods caused by Typhoon Doksuri have devastated crops, homes, and livelihoods in China. 00:19 Crops on the floodplain were submerged, destroying a year's worth of investments. Farmers have lost their hard work and may not have money for seeds and fertilizers next year. Homes with poor construction quality have been destroyed, leaving people homeless. 🌊 Severe flooding in northeastern China has devastated agriculture and displaced thousands of people, raising concerns about food security. 06:13 The three northeastern provinces of Heilongjiang, Jilin, and Liaoning, known as the 'Northern Granary,' produced 143.28 million tons of grain in 2022, accounting for 20.9% of China's national output. Heilongjiang province suffered the most severe flood disasters, with water levels exceeding warning levels in 25 rivers and causing extensive damage to farmland, villages, and infrastructure. Over 162,000 people were evacuated in Harbin, the provincial capital, and 90,000 hectares of crops have already been destroyed. The approaching typhoon 'Khanun' may worsen the situation. 🌊 Severe flooding and locust outbreak in Northeast China threaten food security. 10:57 Severe flooding in the Northeast and locust outbreak are causing crop failures and potentially jeopardizing China's food security. Heavy rains in Henan during the wheat harvest season resulted in the largest crop losses in a decade. Unprecedented high temperatures and droughts in northern China have caused significant damage to newly planted crops.
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  1367. 🇦🇷 Argentina's new right-wing president, Javier Milei, is causing concern for China due to his unfriendly stance and criticism towards the Chinese government. 00:20 Javier Milei won the Argentine presidential election with 55.7% of the vote, becoming the first right-wing president in Argentina in over two decades. Milei's refusal to engage with the Chinese Communist party and his accusations of Chinese interference in the Argentine elections have caused concern for the Chinese authorities. Previous left-wing Argentine presidents had considered the Chinese government a true friend, but Mle's election has led to a shift in the country's approach towards China. 🇨🇳 The video discusses China's influence on Argentina's new leadership and the differing perspectives on their relationship. 04:06 MiLEi's reaction to China's congratulatory message is seen as a positive resolution to their previous awkward relationship. There are differing views on China's rush to congratulate Argentina's new leader, with some seeing it as an attempt to win over Argentina and others interpreting it as reluctance from Argentina to develop closer relations with China. The Chinese foreign ministry emphasizes the importance of China as a trade partner for Argentina, warning against severing ties with China or Brazil. 🌎 Argentina's new president, Milei, is shifting foreign policy towards the US and Israel, distancing from China and Brazil. 08:21 Milei advocates for shock therapy and free market economics to address economic challenges. Milei meets with US officials in Washington DC to align Argentina's geopolitical agenda with the West.
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  1369. Comprehensive Summary: This episode of China Observer first features a female delivery driver who is now dealing with much more competition from a pretty girl and also from groups of people who used to only work as teams in other industries and who; now; are also working as delivery workers to survive. This lovely lady is now struggling because of the communism of the Chinese economy causing more competition over work necessities amongst poor employees. The 2nd clip features a segment of a call between a delivery driver from China and the customer service representative who acts as his manageress in certain ways. This gentleman who is a delivery worker in China finds himself in a difficult situation with insufficient money left for meals due to a lack of incoming orders. He is very poor and he fears starving to death soon. This Chinese gentleman is very worried by his lack of money and because of his lack of food and other necessities. In desperation, he tearfully pleads with the customer service department of his food delivery platform for more orders, but is informed that they cannot increase his order volume. Throughout the three-year pandemic, Chinese citizens have endured severe lockdown measures and the economy has been on the brink of stagnation, resulting in a dramatic shrinkage in the number of jobs. Despite expectations that normal life would resume once restrictions were lifted, China's economy did not heat up after the end of the lockdowns. The manufacturing industry continued to slump and many companies fell into financial difficulties, leading to frequent cases of worker unemployment, wage cuts, or non-payment of wages. Some analysts predict that China's future employment environment will only deteriorate further. In Dongguan, Guangdong, known as the "world's factory" due to its thriving processing industry, many factories have recently shut down and a significant number of factory buildings are idle or available for rent. A video captured by a Chinese citizen shows an industrial park in Dongguan that has become a wasteland due to consecutive factory closures. The glass door of a storefront is shattered and the building stands empty. The escalators have stopped working and are covered in dust and rubbish. Shanghai, China's financial and economic centre and an international metropolis, has also experienced a decline in various aspects of its economy since last year. Many physical stores have gone out of business and even large supermarkets have not been spared. The performance of Shanghai's three long-standing department store companies - Jiubai, Xujiahui, and New World - has significantly declined. According to a report from "Times Weekly", these three major department store companies reflect the current difficulties faced by many department stores and supermarkets. The Qibao CapitaLand Mall in Shanghai has now become an abandoned building. Incomplete statistics indicate that in 2022, more than 40 department stores in China bid farewell, among which 27 had been operating for over ten years. Traditional supermarkets such as Carrefour China have also faced operational difficulties due to the impact of the pandemic. A survey conducted by the Industrial Research Centre of the Beijing-based "Finance and Economics" magazine found that over 1.94 million companies were deregistered in China's 40 wealthiest cities in 2022. Data released by China's National Bureau of Statistics shows that from January to April, the total profits of industrial enterprises above the designated size nationwide fell by 20.6% year-on-year. At the recent "2023 China Qianhai Entrepreneurs Summit," Sun Liping, a professor in the Department of Sociology at Tsinghua University and a doctoral supervisor in economics, gave a keynote speech titled "Finding Certainty in an Era of Uncertainty." Sun Liping believes that China will face a potentially lengthy period of economic contraction for three reasons: firstly, large-scale concentrated consumption in China is over; secondly, the increasingly severe international environment now faces a process of dismantling and restructuring after globalisation; and thirdly, the scar effects of the pandemic have led to a society with diminished desires. Sun Liping worries that authorities may try to recoup the lost three years by greatly increasing the intensity of stimulating the economy, leading to a new round of economic overheat, rising inflation, and rapidly increasing asset prices. Sun Liping was also the thesis advisor when Xi Jinping was studying for his Ph.D. at Tsinghua University.
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  1372. 💰 Over 500 medical staff at Rudo Maternity and Child Health Care Hospital in Hanan have been waiting over a year to receive their salaries, facing economic hardships. 00:00 Medical staff at Rudo Maternity and Child Health Care Hospital in Hanan have been waiting over a year to receive their salaries. The delay in salary payment is due to the city requiring the hospital to contribute a portion of its funds. Even employees with stable jobs such as civil servants and employees of state-owned enterprises are seeking overdue wages. 💰 Government agencies and public institutions in Jao have been delaying or not paying salaries for several months. 03:32 Salaries have not been paid for several months in government agencies and public institutions in Jao. Some institutions have been delaying salaries for nearly a year. Local governments have resorted to borrowing money from temples to sustain salaries. 🚨 China's economy decline has led to financial strain on local governments, resulting in downsizing and layoffs among civil servants. 07:01 Local public security situation in China is not great, with few formal police officers and mostly auxiliary officers. Many administrative and public institutions in China have reduced salaries and asked for annual bonuses to be returned. The decrease in income from land sales has caused financial strain on local governments in China. 📉 Several local governments in China have been involved in hidden debt cases, totaling billions of yen, through illegal practices such as requiring state-owned enterprises to advance funds for construction and illegally dispersing loans. 10:40 Hidden debts totaling 2.48 billion yen were accumulated in Wuhan and Shanding cities in Hub Province through requiring state-owned enterprises to advance funds for construction. Leo City in Guiang Autonomous Region accumulated 17.6 billion yen in hidden debt through the same method. Between 2018 and 2022, several local governments in China illegally issued loans and created new hidden debts, despite the practice being illegal. ! The economic difficulties faced by China and local governments have led to a decline in living standards and a rise in public resistance. 14:15 The economic difficulties and financial deficits of local governments in China have resulted in a decline in living standards. The high unemployment rate and recent flood disasters have caused dissatisfaction and distrust in the Chinese economy and Communist party. Continuous outbreaks of rights defending incidents are anticipated across the country if China's economic bubble bursts.
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  1380. 🍽 The Chinese Communist Party is revisiting the idea of public canteens in rural areas, serving meals at low prices, possibly to control populist and socioeconomic challenges. 00:00 The Chinese Communist Party attempted to introduce public canteens during the Great Leap Forward in 1958, but it was short-lived. The party is now championing the one canteen per Village initiative in rural regions, serving meals priced as low as three to five Yen. There are concerns about the sustainability of this project due to significant debt burdening many villages and the potential for a second massive famine in China. 🍽 The closure of canteens in China has led to increased meal expenses and a preference for cooking at home and dining out. 02:49 The closure of canteens was due to the unprofitability of maintaining low meal prices and the inability to maintain food quality. Charging 20 Yuan for a meal in canteens was considered expensive, as it could cover home-cooked meals for a day for elderly couples. The resistance to collective canteens in China is influenced by the historical background of the Great Famine and the value of individual choice. 🍽 Concerns arise about the management of canteens for seniors, as they may have to travel long distances and the provision of healthy meals is uncertain. 05:25 Seniors may have to travel extensively to access canteens. Village officials might oversee the construction and running of canteens, raising questions about their competence in providing healthy meals. Low turnout and disappointing outcomes in pilot areas suggest the initiative of promoting canteens for elderly residents may be unsustainable. 💡 Xi Jinping's initiation of a low-cost canteen system in China may be aimed at ensuring social stability and preparing for potential warfare or crisis. 08:09 The low-cost canteen meals can act as a relief for financially struggling households. The government-controlled canteen network ensures continuous food supply and readiness in urgent times. The initiation of a rural canteen system hints at the domestic economic downturn and potential food shortages. 🍽 The video discusses the possibility of the CCP wanting its citizens to experience hunger and the control it gives them. 10:44 The CCP may want its citizens to endure hunger as part of their strategy. Xi Jinping may believe that the Chinese have been welfared and now it's time to endure hunger. Controlling the food supply in China means controlling basic life.
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  1381. 💰 China's real estate company Country Garden is facing financial difficulties due to its failure to make an interest payment, which could lead to a credit rating downgrade and hinder its ability to secure funds from the US dollar market. 00:07 Country Garden's failure to pay a modest sum of $15.4 million within the grace period could result in a cascade of its $15 billion foreign debt and a credit rating downgrade. Country Garden's contractual liabilities amount to a staggering $700 billion, primarily from advanced payments by home buyers and outstanding accounts payable. Country Garden's immediate financial commitments total $110 billion, raising questions about where the money has gone, particularly in relation to its Forest City project in Malaysia. 📉 China's property bubble burst has led to a significant downturn for Country Garden, with dwindling property sales and mounting debts. 03:42 Country Garden reported a revenue of $200 billion in the first half of the year with a declared loss of $7 billion. Property sales for Country Garden in July amounted to $1.6 billion, which decreased to $840 million by September. Major shareholders of Country Garden cashed out $5 billion and lent the sum back to the company, positioning themselves as creditors. 💰 Country Garden, a Chinese property developer, is facing financial challenges due to shrinking sales and incomplete projects, leading to the need for additional funds. 06:45 Monthly sales have shrunk to $800 million and show signs of further decline. Rumors suggest the possibility of state-owned enterprises injecting capital into Country Garden. Country Garden is in talks with foreign creditors regarding debt restructuring. 🏠 Homeowners in rural areas of China are facing financial difficulties after purchasing houses from Country Garden. 09:45 Country Garden promised to deliver nearly 2 million housing units, but homeowners are still waiting for their houses. Homeowners have been burdened with mortgages that will last for 30 years, while Country Garden remains unapologetic. Home buyers are unable to default or file for personal bankruptcy, while other stakeholders in the real estate chain face no accountability. 📉 The decline in China's property market has led to bankruptcies, layoffs, and financial strain for local governments. 12:34 Country Garden faces bankruptcy due to the decline in the property market. Upstream industries like steel, cement, and glass manufacturing are also affected. Local governments are facing financial strain and resorting to salary cuts or layoffs.
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  1382. The Aussie lady who translated and narrated what the greedy Chinese woman at the beginning was saying, did a very good job translating and narrating🤣🤣🤣🤣🤣🤣🤣🤣🤣😂😂😂😂😂😅😄 Timestamps below: 🏝 Tourists visiting Gulang Yu in China are being exploited by local shop owners and travel agencies, leading to a disappointing experience.+++ 00:04 Local shop owners on Gulang Yu are pressuring tourists to buy overpriced items and threatening them with consequences if they don't. Tour packages to China's snow town are being sold at different prices with the same itinerary, leading to exploitation and false advertising. Some travel agencies are offering lower prices for the same tour content, but tourists end up with subpar experiences due to last-minute changes. 🏔 Tourists face exploitation and extortion in a snowy tourist town, leading to widespread criticism. 03:18 Tourists were evicted from their hotel and left without shelter in below-freezing temperatures. Local vendors overcharge for food and lodging, and tourists feel exploited and entertained. Snow toown faces widespread criticism and disapproval for exorbitant lodging costs and high prices. ⚠ Chinese tourism is plagued by issues such as overcharging, counterfeit goods, and coercive buying tactics. 06:53 Tourists are often overcharged for shopping, dining, taxi services, and accommodation. Exploitation methods include inflating prices, selling counterfeit goods, coercive buying and selling, and excessively raising prices. Most respondents could only grin and bear it when faced with exploitation, and a significant percentage would not return to a tourist spot where they were overcharged. 🌏 The global tourism industry has seen varying levels of recovery post-pandemic, with China implementing measures to revive its sector. 09:52 In the first quarter of 2023, China's inbound tourist numbers were only 1.4% of the 2019 levels. Paris welcomed 97.5% of its tourist volume during the same period in 2019, while Japan and South Korea saw recoveries to 65% and 53% respectively. China has been implementing measures to revive its tourism sector, including resuming international flights and making it easier for foreigners to use mobile payment systems. ⚠ Foreign tourists and investors in China face significant security threats and risks due to the CCP's emphasis on political security. 13:14 Deteriorating relations between China and the West have deterred foreign tourists from visiting China. The revised anti-espionage law by the CCP has caused considerable unease among foreigners and led to travel advisories from the US government. The CCP is using the threat of external espionage to stoke nationalism and garner public loyalty to the regime.
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  1389. 🌍 Beijing claims to be the world's ideological capital, sparking discussions and ridicule. 00:00 The article praises the concept of a community of shared human destiny proposed by China. China has put this concept into practice through initiatives like the Belt and Road. 💰 China's strategy of using financial power for global dominance through aid and investments in various countries. 02:55 China has been conducting a global money throwing campaign since 2013, offering aid in the form of debt forgiveness, free education, infrastructure projects, and interest-free loans. The Belt and Road Initiative, introduced in 2013, is a vital strategy for major country diplomacy and involves investing in nearly 70 countries and international organizations. Criticism of the Belt and Road Initiative has been growing over the years. 🌍 The Belt and Road Initiative faces difficulties and criticism, with some countries considering withdrawal and concerns over Italian sovereignty being compromised. 06:02 Many projects under the Belt and Road Initiative face difficulties and stagnation, causing setbacks. Italy, the only G7 country to join the initiative, has seen widespread debate and concern over its participation. Italy intends to exit the Belt and Road Initiative, citing concerns over partnership benefits and Italian sovereignty. 🚢 The Hambantota port in Sri Lanka, hailed as the country's gateway to the developed world, has turned into a debt crisis and political instability due to China's debt trap strategy. 09:15 The Hambantota port manages just one ship per day, despite promises of increased trade and economic wealth. A report highlights that the Belt and Road initiative is not merely an economic project, but a strategic move by China to capture territories. Many countries have canceled or downsized their Belt and Road projects due to fears of China's exploitation and debt trap strategy. 🌍 Beijing is seen as the world's ideological capital, but there are other contenders for the title. 11:57 Saddam Hussein mentioned Baghdad as the world's ideological capital. Chavez, Gaddafi, Assad, and Kim Jong-un also declared their cities as ideological capitals. Beijing is considered modest compared to other cities aspiring to be ideological capitals.
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  1392. 💥 The collapse of Evergrande, a leading real estate developer in China, has triggered a tsunami in the Chinese construction industry, leading to bankruptcy and reorganization of over 2,200 construction-related companies. 00:17 More than 2,200 construction-related companies have filed for bankruptcy since April 2023. The collapse in the Chinese real estate market has caused numerous cement factories to shut down. 🏭 Severe overcapacity in the cement industry in Guang Xi and Guang Shi provinces due to declining market demand and excessive production capacity. 03:28 Large-scale production lines with capacities of 5,000 tons and above totaling 75 production lines with an actual cement production capacity of over 170 million tons have been invested by GUI. Many provinces and cities, including Shandong, Shanxi, and Jiangxi, have implemented cement plant production restrictions due to declining market demand and excessive cement production capacity. Off-peak production restrictions in the cement industry have been extended from the autumn and winter heating season to various periods throughout the year, with some regions even halting production monthly. 📉 The collapse of the Chinese real estate sector has led to a wave of steel mill bankruptcies and construction suspensions, indicating a deteriorating economy. 06:28 Revenue dropped by 28% and net profit attributable to shareholders decreased by over 50% year-on-year in the first 3 months of 2023. Price of rebar decreased from $657 to $514 per ton, leading to numerous steel mill bankruptcies. Country Garden, the largest real estate developer in China, incurred a net loss of up to $6.7 billion in the first half of this year, increasing the risk of debt default. 💰 Country Garden struggles to raise cash flow and faces default and restructuring. 09:53 Country Garden has made efforts to raise cash flow but it remains difficult to improve liquidity in the current market situation. Country Garden has obtained approval from relevant bond holders for extension proposals from non-domestic corporate bonds. Country Garden has $9.9 billion US in outstanding notes and is preparing to face default and restructuring. 🏢 New home prices in China have fallen for the third consecutive month, indicating ongoing difficulties in the Chinese economy. 13:11 New home prices in China fell 2% in September compared to August. 54 out of 70 cities saw housing price declines in September. Real estate sales and investments in China have continued to decline by double digits.
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  1393. 💸 The P2P online lending industry in China has led to a financial crisis, with leaders sentenced to life imprisonment and victims seeking redress. 00:08 Leaders in the P2P online lending industry sentenced to life imprisonment Victims of P2P platforms seeking redress face oppression from authorities Government crackdown on P2P platforms and arrest of prominent figures 📉 Hing Capital engaged in illegal fundraising, leading to a rapid increase in transaction volume but also increased default risk and bad debts. 03:22 Hing Capital misused raised funds for over 20.4 billion yen, committing fundraising fraud. The platform experienced rapid growth, with transaction volume increasing from 5.1 billion yen in 2013 to 105.2 billion yen in 2015. By the end of 2015, bad debts amounted to 500 million yen, indicating increased default risk. ⚖ A legal case involving fundraising fraud and illegal activities in China resulted in severe sentences for the defendants. 06:45 Ling Wen was convicted of fundraising fraud and sentenced to life imprisonment, with 11 other defendants also receiving prison terms and fines. Ling Wen and associates illegally raised 38.6 billion yen from over 150,000 people through online and private lending activities. Despite financial shortfalls, Ling Wen continued illegal fundraising activities for debt repayment and defrauded over 11.8 billion yen. ⚠ Illegal fundraising activities and financial fraud led to the collapse of a major P2P platform and associated companies, resulting in arrests and asset seizures. 10:03 Penti P gang and others engaged in illegal fundraising activities despite capital shortfall and high bad debts Shne online, a major P2P platform, had a cumulative transaction volume of over 117 billion yen before its collapse in 2020 Neo Capital officially collapsed in January 2021, leading to arrests, frozen accounts, and seized assets 💔 Victims of a P2P lending scam in China are demanding justice and facing devastating consequences. 13:44 Over 70,000 ordinary lenders were affected by a P2P lending product default, totaling 10 billion yen. Victims believed that the government and high officials allowed the exploitation of their money, leading to despair and even divorce. P2P platforms, once legal and heavily certified, failed to take responsibility when they collapsed, leaving victims with no recourse.
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  1394. 💰 Mainland Chinese tourists are flocking to Hong Kong to open accounts and deposit money due to the higher interest rates compared to China. 00:34 Hong Kong's deposit rate can now go up to 9%, while it's around 2% in China. Bank employees in Hong Kong have reported a large influx of mainland Chinese customers rushing to open accounts. 🏦 Mainland Chinese clients are increasingly opening bank accounts in Hong Kong due to the current unfavorable investment environment in China. 03:28 Insurance brokers in Hong Kong are helping clients open bank accounts after signing insurance policies. Many mainland Chinese clients are buying insurance and investment products in Hong Kong. Opening a bank account in Hong Kong with a Hong Kong identity card is straightforward, but it's still doable with a China identity card. 💰 Mainland Chinese tourists are queuing outside Hong Kong banks to open accounts due to higher interest rates and perceived safety. 06:51 Mainland Chinese tourists are attracted to Hong Kong banks due to the higher interest rates compared to the mainland. Transferring funds to Hong Kong is considered exceptionally safe amidst collapsing banks and perceived financial risks in the West. The monthly interest difference for a 1 million US dollar deposit can be around 14,000 renminbi. 💰 Chinese investors are increasingly opening accounts in Hong Kong due to higher interest rates and concerns about China's economic future. 10:16 Hong Kong banks have significantly increased their deposit rates, with some reaching over 5% for one-year fixed deposits. Interest rates in China's state-owned banks are generally below 3%, while Mainland Chinese investors can enjoy doubled annual interest rates in Hong Kong. Chinese investors are drawn to open accounts in Hong Kong due to the safety of their funds and the potential for asset appreciation. 💰 Wealthy individuals in China use underground banks to funnel their money to Hong Kong, backed by high-ranking officials within the Chinese Communist Party. 13:27 Chinese policies make it difficult for wealthy individuals to transfer large amounts of money abroad, leading them to use underground banks. Underground banks continue to exist due to protection from high-ranking officials within the Chinese Communist Party.
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  1443. 🎅 Santa Claus reviews finance TikToks and corrects misinformation. 00:16 Santa Claus reviews finance TikToks to correct bad financial advice on TikTok. Santa Claus is an investment professional and aims to provide input and correct misinformation in finance content. The content aims to help viewers learn and be prepared for financial opportunities. 💰 The video discusses the deceptive nature of financial content on social media and the risks of investing in penny stocks. 03:44 The video highlights the fabricated and deceptive nature of financial content on social media, particularly in relation to penny stocks and simplified technical analysis. It emphasizes the misleading tactics used to sell courses or Discord groups, and the unrealistic expectations created around making money with stocks. The video introduces a specific penny stock, Kyal Brands (ticker symbol KAVL), and discusses its potential for growth in the market. 💰 The video discusses using high numbers and financial strategies to maximize wealth. 07:01 The video highlights the use of high numbers to increase wealth in real estate and finance. It mentions the concept of using whole life insurance to pay off credit card debt and save on interest. 💰 Whole life insurance may not be the best option for most people, especially for building wealth. 10:10 Whole life insurance may not be the best option for building wealth for the average person. Term insurance may be a more cost-effective option for covering needs in case of death. 💰 Investing $300 a month for 8 years can lead to financial freedom with $1.8 million at retirement age, thanks to compound interest and stock market returns. 13:32 Investing $300 a month for 8 years can lead to $1.8 million at retirement age Compound interest and stock market returns play a significant role in the growth of the investment Considerations like taxes can reduce the final amount received at retirement
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  1457. 📚 Doug Casey discusses aphorisms, his ranch in Argentina, and his philosophical approach to government. 00:00 Lenon's aphorism about years and weeks Doug Casey's philosophical approach to government Doug Casey's ranch in Cafayate, Argentina 🗳 Discussion about political figures, cultural conservatism, and the idea of a third party in the US. 05:45 Opportunist willing to impose ideas on the body politic but a cultural conservative. Bobby Kennedy building momentum as a decent human being in politics. Discussion about the idea of a third party and the ongoing culture war. 📈 Doug Casey discusses the legalization of gold and its impact on the economic and financial future. 11:37 President Ford legalized gold again on January 1st, 1975, after it had been banned by FDR since 1933. FDR's ban on gold was considered a criminal default, and the US could no longer support the $20 price per gold. 🌍 The video discusses the impact of indirect taxation on fuel prices and challenges the belief in climate change hysteria. 16:36 The belief in climate change is compared to a mass hysteria and is criticized as being worse than a religion. The speaker challenges the misconception about the percentage of carbon in the atmosphere and its impact on plant life. The video emphasizes that the climate has been changing for billions of years and carbon is not an enemy element. 🎓 American universities are criticized for their high cost, potential financial burden, and ideological influence. 22:19 Attending a top university in the US can cost around $300,000, leading to financial strain and potential indoctrination. University teachers are often described as socialists, marxists, or collectivists, influencing the beliefs of students. The influence of universities has extended to high schools and grade schools, contributing to a pessimistic view of civilization. 💰 The video discusses the profitability of gold mining and the history of South African gold stocks. 27:14 Gold mining is currently a profitable business with stocks yielding dividends. The speaker had success with South African gold stocks in 1976 despite initial concerns about the country's stability. The drastic drop in gold prices in 1976 had a significant impact on the South African gold stocks. ⚖ The speaker discusses the sincerity of someone's desire to abolish the state and the role of coercion in society. 32:50 The speaker believes that the person is sincere about wanting to abolish the state. The state is described as congealed violence and coercion, and the need to limit coercion in society. The role of a police force, army, and court system in a civilized society with a state is discussed. 💰 The video discusses various topics including the spike in the price of silver, political history in South America, and trading futures contracts. 38:52 The conversation also touches on the political history and impact of leaders like Pin in South America. The speaker discusses the potential of taking advantage of a large spike in the price of silver through futures contracts. The risks and benefits of trading futures contracts for silver are highlighted, particularly for non-professionals. 📉 The video discusses how Argentina's economic and legal system declined over the years, starting from its prosperous state 100 years ago. 44:12 Argentina was one of the most prosperous countries in the world 100 years ago The decline started with the increase in the size of the state by President Irigoyen in the 20s, followed by Juan Peron's regime during World War II The country's standard of living declined significantly, with difficulties in accessing basic services like telephones even in the 80s 💰 The video discusses the Federal Reserve as a technically fascist organization and the potential negative impact of digital currencies on individual freedom. 49:59 The Federal Reserve is considered a fascist organization due to its close ties with major banks and the government. The introduction of digital currencies run by central banks could lead to a loss of individual freedom as all transactions would be monitored by the government. 🏙 The video discusses the concept of ownership and living in big cities. 55:11 The concept of ownership and the idea that securities like stocks and bonds may not truly belong to the individual is discussed. The speaker discusses the pros and cons of living in big cities like New York, London, Paris, and Buenos Aires.
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  1509. ⚙ The CEO of Northern Graphite discusses the importance of graphite as a strategic raw material in the energy transition. 00:36 CEO has a background in specialty materials and engineering, with a focus on improving the energy transition. Northern Graphite is the only producer of graphite in North America. ⚡ Noran Graphite is poised to capitalize on the growing demand for graphite, especially in the lithium ion battery space. 04:50 Noran Graphite focuses on using graphite to facilitate growth, as the demand for graphite is expected to explode, especially in the lithium ion battery space. Graphite is a key component in lithium ion batteries, as it stores the lithium ions used to produce power. 💡 The speaker discusses the potential for graphite investment in North America and their company's expertise in the industry. 08:03 The company has a team of 100 people with expertise in the graphite industry. They are well positioned to take advantage of the electrification movement with their graphite products. The speaker questions the lack of investment in graphite in North America and the potential impact of Chinese control over graphite prices. 📈 The video discusses the increasing demand for lithium-ion batteries and the opportunities for investors in the industry. 12:24 The demand for lithium-ion batteries is increasing, leading to higher selling prices for graphite. The company has a small market cap of 28 million Canadian dollars, presenting a potentially lucrative opportunity for investors. ⚙ The company is focusing on developing downstream opportunities for their graphite products, including partnering to build a plant for battery anode material. 15:51 The company is partnering with other companies to develop technology for transforming graphite flakes into battery anode material. They are investing in building a plant in Northern Quebec to transform their graphite flakes into battery anode material. 💼 The company has a diverse shareholder base with over 10,000 retail shareholders, primarily in Canada and the US. 19:37 Company has more than 10,000 shareholders, mostly retail and long-term, with a large presence in Canada. Market cap fluctuates based on share price, reaching almost 100 million at 75 cents per share. 📈 Noren Graphite stock is traded on TSXV and OTC, with comprehensive information available on their website and social media channels. 23:02 Noren Graphite stock is traded on TSXV and OTC exchanges. Comprehensive information for investors and product details are available on their website and social media channels. The company is also present on various social media platforms including Discord, Reddit, Facebook, LinkedIn, and Twitter.
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  1655. 🇺🇸 A young Republican candidate for U.S president speaks about the American Dream and the void of purpose and meaning in our country. 00:14 The speaker is a young Republican candidate for U.S president who is inspired by Richard Nixon's legacy. He believes that the American Dream is disappearing for his generation. He sees an opportunity to fill the void with a vision of what it means to be an American today. 🌍 The speaker aims to transition from neo-conservatism to realism and American nationalism in foreign policy, with a focus on protecting national interests on the global stage. 13:57 Reviving Nixon's Doctrine and implementing the modern Monroe Doctrine to protect US interests and prevent foreign interference. Ending the Ukraine war on terms that benefit the US and prioritizing defense of the US border. Taking inspiration from Nixon's visit to China in 1972 to assert American interests globally. 🔒 The speaker believes it is important to be clear about defending Taiwan and achieving semiconductor independence in the US. 25:26 The speaker plans to move from a position of strategic ambiguity to strategic clarity regarding Taiwan and China. The speaker aims to achieve semiconductor independence in the US by 2028. The speaker believes it is necessary to unapologetically stand for American interests without compromising on democracy and human rights. 🌍 The speaker emphasizes the importance of maintaining national sovereignty and identity in the face of global issues like climate change. 37:02 The speaker believes that citizens should prioritize their national identity over being a global citizen fighting climate change. The speaker advocates for filling the vacuum of purpose with a vision of being a citizen of the United States of America. The speaker expresses gratitude for a question about building a relationship with the new generation of Chinese people.
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  1895. A Fascinating real story — 🇨🇾 🇨🇾 🇨🇾 St John the Almoner, Patriarch of Alexandria, was, as it were, an ocean of alms; the more he bestowed, the more he received. The saint tells us what especially induced him to practise this virtue. "When I was fifteen years old," he says, "and lived in Cyprus, I saw in a dream a virgin of charming beauty, with a splendid crown on her head. She drew near me, and gently struck me with her hand. I was frightened, and awoke from my sleep. When I asked her who she was, and whence she had come, and how she could dare come near me whilst asleep, she smiled, cast upon me a most gracious look, and said in joyful accents: 'I am the first among the king's daughters. If you have me for your friend, you will also have the king for your most intimate friend. No one enjoys more his confidence, and stands in higher favor with him than I. It was I who persuaded him to leave heaven for earth, there to become man.' After having reflected on this vison for some time, I thought that it meant mercy and charity. I rose at once and went to church. On my way thither, I met a poor man who was almost naked, and shivering with cold. I took off my coat and gave it to him, saying to myself: Now let me see whether the vision I had was true. Before I reached the church, a certain man came and gave me one hundred dollars in gold, and then disappeared suddenly. Now I felt persuaded that the vision was no illusion, but a true vision from God." (Life by Leontius.)
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  1934. 📰 There has not been an official statement from Russian authorities regarding the plane crash, and it is believed that DNA tests will be conducted to confirm the identities of the victims. 00:09 Russian authorities have not released an official statement about the plane crash. DNA tests will be conducted to confirm the identities of the victims. Previous rumors of the individual being on a crashed plane turned out to be false. 💥 The Russian authorities have a history of ruthlessly putting down uprisings, and recent events suggest a possible decision to control the Wagner organization. 11:54 The Russian authorities have consistently acted ruthlessly in suppressing uprisings throughout history. Recent events, including a failed meeting between Putin and the heads of the Wagner organization, suggest a decision to control the uncontrolled armed militia. Reports of the dismissal of Surah vikin, who is sympathetic to precaution, further support the possibility of a decision being made. 🔍 There are multiple potential suspects in the assassination of Precaution, including oligarchs and an internal power struggle within Wagner. 22:51 Potential suspects include oligarchs who may have been involved in a coup attempt and are now worried about their own safety. An internal power struggle within Wagner is also a possibility, as evidenced by the elimination of the military leadership. Some Wagner commanders showed a willingness to go against Putin's proposals, indicating possible anger towards Precaution. 🔍 There are multiple potential suspects in the murder of Precaution, with Russia and Western countries being among them. 34:12 Russia and Western countries, particularly France, may have been involved in the murder due to their interests in Africa and concern over Wagner. Belarus' relationship with Wagner has alarmed NATO and raised concerns about potential aggression towards Poland. There are numerous reasons why many people might have wanted to eliminate Precaution, making it difficult to definitively identify a single suspect or group.
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  1949. 🇩🇪 Germans' views on US military bases in Germany and the history behind it. 00:00 The US established military bases in Germany after World War II, and there are still about 35,000 troops stationed in more than 20 bases. Germans have mixed views on the presence of US military bases in Germany, with some seeing it as a necessary security measure and others questioning its purpose. The topic is complex and somewhat controversial, with varied opinions among Germans about the American military presence in their country. 🇩🇪 US military presence in Germany questioned for strategic value and impact on relationships with Russia, with majority of troops stationed in specific areas. 03:37 Troops stationed for rapid reinforcements in Eastern Europe and beyond, seen as a gift to Kremlin. Most American forces concentrated in US Army, with majority stationed in specific German states. 🌍 Benefits of using a VPN for accessing international content and deals. 07:09 PA VPN allows changing internet location to over 90 countries. Accessing geo-blocked content and deals from different countries. Switching internet location to access specific websites and government portals. 🇩🇪 Mixed opinions on presence of US troops in Germany, with survey results showing divided views. 10:33 Personal uncertainty about the best course of action Survey results show almost half in favor of troop withdrawal One-third surveyed think American Military should stay or increase forces in Germany 🇩🇪 German Feedback on US Military Bases in Germany 13:35 Many Germans shared their views and personal experiences with US military bases in Germany. The feedback ranged from positive to negative, with mixed feelings about the topic. Personal experiences with the military bases were particularly appreciated by the content creator. 🇩🇪 American influences in Germany and cultural differences 16:42 Medication and fast food chains in Germany differ from the US American cars and language influence in Germany 🤔 Discussion on foreign military bases in Germany and the societal differences in perspectives. 20:13 The societal status and position of the military in the US and Germany differ due to historical reasons. There have been instances of equipment failures in the German military over the years. Surprise at the perks for military members and Veterans in the US. 🇩🇪 Germans' feelings about US military bases in Germany and their impact on security and cooperation. 23:18 Germans feel safer with US military presence due to cooperation and security concerns. Concerns about potential aggression from Putin and the importance of NATO's role in security. Some Germans see the US military bases as essential for protection and NATO cooperation. 🇩🇪 German perspectives on US military presence in Germany: skepticism, desire for closer ties, and concern about foreign soldiers on German soil. 26:36 Skepticism towards American weapons and military culture Desire for closer ties between USA and Germany Concern about foreign soldiers on German soil
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  2038. 📉 Moody's downgrades China's credit rating, causing negative impact on the economy. Italy's withdrawal from Belt and Road initiative adds to Beijing's woes. 00:00 Moody's downgrades China's credit rating, leading to a negative signal in the market. Italy officially notifies CCP of its withdrawal from the Belt and Road initiative, causing anger in Beijing. 💼 Moody's downgrade of China's credit rating could have significant impact on the country's economy and international financing prospects. 04:00 Moody's projects China's GDP annual growth rate to be 4% in 2024 and 2025, with an average growth of 3.8% from 2026 to 2030. Moody's downgraded China's Sovereign credit rating from aa3 to A1 in 2017. Moody's recent downgrade in credit ratings may trigger a significant outflow of foreign capital from China. 🔴 Tensions between the US and China are highlighted in response to a diplomatic gesture by China. 08:04 China's diplomatic gesture to Argentina was met with reserved or lukewarm response US Secretary of Commerce's statement on CCP being the biggest threat and the need to prevent their access to technology Emphasis on the US leading in artificial intelligence and semiconductor design, but the need for tighter export controls and enforcement with allies 🇭🇰 The US closure of Hong Kong Economic and Trade offices signifies a shift in recognition of Hong Kong's status, leading to tensions with China. 11:38 US no longer recognizes Hong Kong as a special administrative region under the one country 2 systems US-China relations remain tense after President Biden's meeting with CCP leadership President Biden publicly referred to Xi Jinping as a dictator 📉 Prominent financial experts in China are facing online censorship and bans, reflecting concerns about the stability and attractiveness of China as an investment destination. 15:16 Prominent financial experts in mainland China, including Le Jing pen, have faced widespread online censorship and bans. The CCP's heavy-handed approach and inability to address underlying issues are increasingly criticized. Moody's downgrade sends a serious negative signal to the market, reflecting concerns about the stability and attractiveness of China as an investment destination.
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  2039. Absolutely Brilliant video on the Mainland Chinese real-estate market and the pressures on it, and how they influence the market and the overall Chinese economy as it relates to the property markets —Timestamps: 🏢 The Chinese property market is showing conflicting signs as the government reassures the public while rapidly divesting its real estate holdings. 00:08 The government emphasizes support for the housing market and real estate as a cornerstone of China's industry. Multiple state-owned enterprises have been selling off properties, revealing the true state of the market. Large-scale property sales have occurred in Beijing, Gan, and Guan, potentially indicating more to come. 🏢 The origins of state-owned properties being offloaded by state-owned Enterprises in places like Beijing's Chaoyang and Jinan are discussed, focusing on the concept of limited competitive housing in land auctions. 04:32 During 2015 to 2016, there was a surge in the national land market as housing prices soared and land prices followed suit. Land regulation became stricter aiming to control land prices, leading to a shift in land auction dynamics. Developers started bidding on aspects like self-retention and other conditions in addition to the price ceiling. 🏢 Local state-owned enterprises in Japan are selling properties at reduced prices to cut losses and recruit capital in a sluggish real estate market. 08:05 Prices of properties sold by local state-owned enterprises have been reduced by amounts ranging from 700,000 to 1.3 million yen, equivalent to selling at 80 to 90% of their original value. There has been a sharp drop in revenue from land sales, with nationwide land sales revenue being 23.3% lower in 2022 compared to 2021, and a further 20.9% decline in the first half of 2023 compared to the same period in 2022. The local debt crisis and decline in the property market have led local state-owned enterprises to deemphasize property-driven economic growth and consider selling properties to alleviate the burden of massive debts incurred due to past dependence on land finance. ⚠ Financial experts predict that the Chinese government will relax purchase restrictions and price control policies in response to the bursting of the real estate bubble. 11:50 State-owned enterprises are offloading properties, indicating imminent policy changes. China's housing supply is enough to accommodate 3 billion people, suggesting an over-supply and uneven distribution. Public outrage over excessive construction of houses and approval of numerous projects. 🏢 China is reconsidering price control measures in its housing market, which could have unpredictable consequences and pose enormous risks. 16:13 Discounts exceeding 15% on property prices might be acceptable if regulations change. Implementing consistent pricing policies nationwide in China's region-specific real estate industry would be challenging. First-tier cities like Beijing, Shanghai, Guangzhou, and the Yangtze River Delta region may be more resilient in an economic crisis.
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  2042. 🌍 China's youngest national vice-leader and State Councilor and Foreign Minister, Qin Gang, has mysteriously disappeared amidst rumors of a scandalous affair and a double agent investigation. 00:36 Qin Gang has been absent from all scheduled diplomatic public activities and has not made any public appearances or statements. 00:36 Chinese social media is buzzing with rumors of Qin Gang's involvement in a scandalous affair with a Phoenix TV presenter suspected of being a double agent. 01:03 Qin Gang's disappearance is unprecedented for such a high-ranking official and has kept the mainstream media in hot pursuit. 01:36 During a discussion at the Aspen Security Forum, the Chinese ambassador to the U.S. hinted at a possible meeting between Qin Gang and Henry Kissinger. 02:00 Rumors circulate about a romantic relationship between Qin Gang and Phoenix TV presenter Fu Xiaotian, fueled by their apparent intimacy during an exclusive interview. 03:05 China's You'ngest National Vice-Leader and State Councilor and Foreign Minister, Qin Gang, Mysteriously Disappears Amidst Scandalous Affair and Double Agent Investigation, Sparking International Interest and Speculation about His Whereabouts 🔍 Qin Gang, the Chinese Foreign Minister, has disappeared from public view, sparking international interest and speculation about his whereabouts. 04:03 Fu Xiaotian, a woman suspected to be in a romantic relationship with Qin Gang, posted a birthday message for him on social media. 04:03 Fu Xiaotian's last social media post revealed that she was flying to the frontline with her baby son. 05:16 Qin Gang's last public appearance was on June 25, and he missed several major events. 05:29 The Chinese Foreign Ministry stated that Qin Gang could not attend a meeting due to health reasons. 05:43 International interest in Qin Gang's whereabouts intensified after three and a half weeks of his disappearance. 06:37 🕵‍♀ Qin Gang's absence from diplomatic activities may be due to political trouble rather than health issues, as his rumored girlfriend Fu Xiaotian's background raises suspicions of espionage. 08:06 Qin Gang's career has seen exceptional promotions under Xi Jinping's rule, going from deputy foreign minister to ambassador to the US to foreign minister and state councilor. 08:06 Fu Xiaotian, rumored to be Qin Gang's girlfriend, has a suspicious background with unusual educational and career paths, including potential spy training. 09:11 Fu Xiaotian has been a host for Phoenix TV's flagship program, giving her access to international politicians and potentially providing cover for espionage activities. 11:05 💼 Fu Xiaotian, a female alumna of Churchill College at the University of Cambridge, received several honors and awards, raising questions about her wealth and political connections. 11:21 Fu Xiaotian's garden was named after her at Churchill College, marking the first time a facility was named after a female alumnus. 11:21 Fu Xiaotian received the 'Knight of the Order of the Star of Italy' from the Italian President for her contributions to Italy-China exchanges. 11:58 Fu Xiaotian received the title of 'Top Ten Outstanding New Youth of Hong Kong' in December 2020. 12:46 Speculations suggest Fu Xiaotian may have connections with high-ranking officials and the head of China's spies. 12:59 Zeng Qinghong, a powerful figure in Jiang Zemin's faction, was the chief spy for the Chinese Communist Party before Xi Jinping took office. 13:12 📺 The management of Phoenix TV, including Liu Changle, was replaced and rumors suggest that former host Fu Xiaotian may have been arrested for espionage. 14:56 Zeng Qinghuai, brother of Zeng Qinghong, was appointed as the special inspector of the Chinese Communist Party's Ministry of Culture in Hong Kong in 1995. 14:56 Phoenix TV had a close relationship with Zeng Qinghuai and was targeted by Xi Jinping's purge. 15:27 Fu Xiaotian, a top female host at Phoenix TV, may have been introduced to a high-ranking official by Liu Changle. 16:24 Fu Xiaotian disappeared from the public eye after rumors of an extramarital affair and illegitimate child with Qin Gang. 16:38 Speculations suggest that Fu Xiaotian may have been arrested for espionage, impacting Qin Gang's position as foreign minister. 17:05 🔥 Power struggle within the Chinese Foreign Ministry leads to downfall of Qin Gang and reveals infighting. 18:23 Chinese Ambassador Xie Feng learned of Qin Gang and Fu Xiaotian's affair, triggering Qin Gang's downfall. 18:23 Qin Gang's faction retaliates by revealing that Deputy Foreign Minister Ma Zhaoxu kept a foreign mistress and his relatives prospered in the US oil industry. 18:52 Qin Gang's biggest adversary is former foreign minister Wang Yi, who disagrees with his diplomatic approach. 19:17 Wang Yi favors aggressive, anti-US, pro-Russia stance, while Qin Gang advocates for a more moderate approach. 19:32 Resolution to the Qin Gang affair is anticipated, with potential outcomes depending on whether he makes a public appearance or remains out of sight. 20:13
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  2049. Thank you very much for this video, China Observer. Time-stamped summary for your viewers:thanksdoc::thanksdoc::thanksdoc: 🚨 The Chinese Communist Party's revised 'Counter-Espionage Law' has raised concerns about expanded power and potential suppression of dissent, leading to travel advisories from the US and Canada. 00:11 The revised 'Counter-Espionage Law' broadens the definition of espionage activities, including actions like taking photographs or participating in religious activities. 00:11 The US Department of State issued a Level 3 travel advisory urging American citizens to reconsider travel to China due to the risk of arbitrary detention. 00:41 Similar travel advisories were also issued for Hong Kong and Macau, advising increased caution or reconsideration of travel. 01:05 The advisory highlights the risks foreign travelers or residents may face in China, including interrogation, prosecution, detention, expulsion, and exit bans. 01:21 The implementation of the revised law may lead to normal business activities of foreign-funded enterprises being perceived as espionage activities, potentially resulting in punishments. 02:31 ⚠ The CCP's new Counter-Espionage Law raises concerns about personal belongings inspections and potential risks for foreign nationals in China. 03:18 The new Counter-Espionage Law allows Chinese authorities to inspect personal belongings like mobile phones and laptops. 03:18 CCP's propaganda urges citizens to report 'suspicious individuals' and generate support for the law. 03:28 Taiwan expresses alarm over the comprehensive promotion of the law and releases behavioral patterns that may violate it. 03:52 Foreign nationals, including Taiwanese citizens, face risks of arbitrary enforcement, detention, and travel bans by the CCP. 04:47 The CCP's laws are criticized as arbitrary, lacking rule of law, and encroaching upon the sovereignty of other countries. 05:39 🔒 Korean expatriates in China delete data and decrease travel due to stricter Counter-Espionage Law. 06:27 Korean expatriates in a Chinese city deleted statistics and analysis data related to their businesses. 06:27 Number of South Koreans traveling to China decreased by 90% compared to before the COVID-19 pandemic. 06:43 CCP can implement the Counter-Espionage Law to arrest citizens of countries like Europe, the United States, Japan, and South Korea. 07:06 CCP's new version of the Counter-Espionage Law is a broad and politically driven tool to maintain its dictatorship. 07:34 CCP's Counter-Espionage Law can be used to persecute dissenting individuals, journalists, human rights activists, and business operators. 08:56 😱 The revised 'Counter-Espionage Law' implemented by the CCP authorities in China has led to raids, searches, and arrests of foreign citizens, causing concern among domestic and foreign enterprises. 09:33 CCP authorities require citizens to report and offer rewards, potentially leading to false information and harm to others. 09:33 Several American and Japanese companies have been subjected to raids and searches, resulting in the arrest of foreign citizens. 09:54 A senior executive of a Japanese pharmaceutical company was detained on charges of espionage, along with at least 16 other Japanese nationals. 10:07 The Beijing office of the U.S. due diligence firm Mintz Group was searched, leading to the arrest of Chinese employees. 10:44 The new version of the CCP's 'Counter-Espionage Law' has caused alarm among domestic and foreign enterprises as they seek clarity on what is prohibited. 11:16
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  2051. ! 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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  2052. 🚆 A collision between two trains on the Beijing Subway caused chaos and panic among passengers during rush hour. 00:00 A sudden collision occurred between trains CP 024 and CP 032 on the Changping line of the Beijing Subway, causing detachment and breakages in several carriages. Passengers were left in darkness and cold after the collision, with some experiencing injuries and panic as they struggled to find their phones and glasses. The incident occurred during the busy evening rush hour, leaving many passengers stranded and cold in the carriages for over an hour. 🚆 Passengers describe the chaotic scene and injuries after a train detachment incident. 02:37 Passengers thought they were rear-ended at 2:37 Chaotic scene and injuries described at 2:49 Rescue personnel arrived between 8:00 to 8:30 p.m. ⚠ Passenger questions official explanation of train collision due to snowy conditions and calls for thorough investigation. 05:44 Passenger expresses skepticism about the official narrative and urges government to investigate the cause of the train collision. Passenger questions the effectiveness of train braking during snowy conditions and the absence of any braking sensation before the impact. Passenger highlights the lack of sufficient distance between the trains and raises concerns about the normal operation of train signals. 🚇 The video discusses the success of China's domestically produced CBTC system for the Chongping line of the Beijing Subway, highlighting its cost-effectiveness and reliability. 07:39 China's domestically produced CBTC system was successfully implemented for the Chongping line of the Beijing Subway, with lower cost and lower fault rate compared to imported systems. The system has the capability to reduce train intervals to under 90 seconds, and recent accidents in China's transportation sectors have been attributed to the unavailability of advanced overseas technology and financial constraints. 🚇 The video discusses the financial impact and safety issues of subway systems in China, including accidents and signal system failures. 10:28 Subway security staff cost accounts for 30% of daily passenger revenue, impacting profitability. Previous accidents on Beijing and Shanghai subway systems have been linked to issues with the railway signal system. Accidents on Shanghai subway line 10 and the high-speed train in Wenzhou were attributed to signal equipment provided by a specific company.
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  2053. 😔 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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  2054. 🌍 Relentless earthquakes in China may signify a profound shift in the country's political landscape. 00:00 A series of relentless earthquakes shook China between June and September, affecting various regions across the country. China's seismic tectonic map shows that the affected areas align with the nation's primary seismic belts, indicating a geological significance. There is a growing sentiment that these natural events might symbolize an impending shift in China's political landscape. 🌍 China experiences a significant increase in the frequency of earthquakes, causing concern among the online community. 03:27 China was jolted by 13 earthquakes in one week of mid-June and 9 quakes in the second week of August. Sichuan Province experienced three separate quakes in a 70-minute window, and a single day saw earthquakes hitting four distinct locations across three provinces. Areas in five regions of Xinjiang, along with Sichuan, Shandong, and Yunnan Provinces, felt the impact of quakes with magnitudes of 3 or above. 🦆 Geese migration in North China sparks political power struggle within the Chinese Communist Party. 06:49 Geese migrating in North China during August is seen as a celestial admonition. Power struggle between Xi Jinping and the Jiang-Zeng alliance within the Chinese Communist Party. Xi Jinping's sweeping reforms challenge the foundational prowess of the Jiang-Zeng alliance. 🔥 High-stakes confrontations within the CCP are reaching a fever pitch as the Jiang-Zeng faction attempts a veiled coup against Xi Jinping. 11:06 Xi Jinping orchestrated a counterstrike by slashing interest rates and putting Evergrande Group under official scrutiny. Xi Jinping leans on Chinese traditions and prophecies to guide his actions. Xi Jinping embarked on a decisive overhaul of the Rocket Forces based on a prophecy. 🐉 Xi Jinping's actions and policies reflect his strong belief in Chinese traditions and his commitment to personal security. 14:34 Xi Jinping's extensive revamp and heightened security measures demonstrate his concern for personal safety. Xi Jinping's absence from the G20 summit in India highlights his prioritization of personal security. Xi Jinping's demolition of senior officials' villas on the Qinling Mountains showcases his adherence to Chinese traditions and Feng Shui beliefs.
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  2055. This was an absolutely brilliantly produced video👏👏👏🎬👍👍👍👍👍. My time-stamped summary's below 'my🎨 painting'😏🤓😎🤣😂😄: The Chinese economy is ▂▄▅████████▅▄▃▂ 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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  2057. 🏢 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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  2058. 😔 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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  2060. 📉 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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  2061. 🔴 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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  2063. 📉 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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  2074. 💼 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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  2088. 📱 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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  2093. 🚗 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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  2095. "Multiple Building Collapses and Ground Collapses in China Raise Concerns About Construction Quality and Safety" 🏢 Multiple incidents of building collapses and ground collapses in China raise concerns about construction quality and safety. 00:00 Building collapses and ground collapses are frequently reported in China. 00:00 Shoddy construction work and heavy snowfall are common causes of collapses. 00:05 Incidents have occurred in various locations, including shopping malls. 01:02 A newly opened department store experienced an internal ground collapse. 01:09 Poor loadbearing capacity of prefabricated panels and inadequate foundation treatments contribute to the collapses. 02:35 🏢 Multiple building collapses in China raise concerns about construction safety and the use of inferior quality pre-fabricated panels. 03:53 The collapse of a newly opened supermarket in China sparks widespread concern and suggests oversight in construction and safety checks. 03:53 Another collapse occurs in Nanfen County, raising questions about the frequency of such accidents and the decision to reinforce rather than demolish hazardous buildings. 04:42 A series of building collapses throughout November in China highlights the potential dangers of shoddy construction practices and the use of substandard pre-fabricated panels. 05:22 Construction experts attribute building collapses to factors such as construction quality, infrastructure issues, and the use of inferior materials. 07:33 🏢 Poor construction practices and corruption in China lead to widespread use of low-quality building materials and substandard construction projects. 07:40 Construction quality is a critical factor for building stability. 07:40 Tofu projects, which use substandard materials and cut corners, are a widespread problem in China. 08:27 Subcontracting and lack of supervision contribute to the prevalence of tofu drag buildings. 09:41 Corruption within the government and collusion between officials and businessmen result in the emergence of inferior buildings. 10:44 Substandard construction projects will continue to increase without addressing corruption. 11:01
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  2097. 💼 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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  2100. 💼 Foreign investors are withdrawing from China due to geopolitical tensions and economic decoupling, with Southeast Asia emerging as a top alternative destination. 00:29 US firms' confidence in China is plummeting, with 40% planning or already shifting investments away from China. 50% of European companies feel there are barriers to doing business in China, with 11% relocating their existing investments to other countries. Most European businesses in China are invested in the nonfinancial sector, making their exit from the Chinese market. 🇯🇵 The Japanese government is concerned about the arrest of a Japanese national in China on suspicion of espionage. 05:32 The Japanese government has demanded the release of the detained citizen. Two Japanese men were recently sentenced under China's counter Espionage law. Japanese scholars, businessmen, and journalists are now considered high-risk groups when visiting China. 🇨🇳 Growing tensions between China and the US have led to a significant decrease in foreign investments, causing many Japanese companies to leave China. 08:09 Many Japanese companies are determined to leave China, even without subsidies. Foreign holdings in China's stock and debt have decreased by about $188 billion. China's stock market experienced a historic $12 billion outflow in August. 📉 Foreign capital is driving the dump of China's stock and bond assets, leading to the closure of investment offices and funds in China. 11:16 The Norway Sovereign wealth fund closed its Shanghai office after 16 years of operation. Black Rock's China flexible Equity Fund will be liquidated due to a lack of interest from new investors. The economic downturn began with the US-China trade war during the Trump era.
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  2102. 🐟 Chinese fishing vessels were spotted fishing off the Japanese coast while the CCP banned the import of Japanese seafood. 00:19 China voiced opposition to Japan's decision to release wastewater from the Fukushima plant into the ocean. Approximately 146 to 167 Chinese fishing vessels were detected fishing alongside Japanese boats off the coast of Hokkaido. Chinese fishing boats displayed 'China' prominently on their hauls while fishing off the Japanese coast. 🔍 The video discusses the hypocrisy of the CCP in its treatment of Japanese seafood and its criticism of Japan's plan to release treated nuclear wastewater. 02:48 The CCP's embargo on Japanese seafood while allowing Chinese boats to freely sell and consume fish reveals its double standards. The CCP's public remarks may be aimed at improving Sino-Japanese relations, but its actions contradict its statements. During an international debate on Japan's plan to release treated nuclear wastewater, China was the only country to explicitly criticize the decision. 🌍 The video discusses how the Chinese government is manipulating public sentiment regarding Japan's nuclear wastewater disposal plan. 07:09 The CCP has condemned other nations while remaining passive about its own environmental issues. The International Community is aware of the CCP's tactics in manipulating public sentiment. The CCP has been inciting domestic outrage in China over Japan's wastewater disposal plan. 🌐 The CCP's true agenda in tarnishing Japan's nuclear wastewater issue is to counter Japan and establish a mini NATO in East Asia to counter the global expansion of Communism. 10:15 The US, Japan, and South Korea held a trilateral summit signaling the establishment of a mini NATO in East Asia. The primary aim of this alliance is to counter the global expansion of Communism, specifically focusing on the situation in the Taiwan Strait. The CCP aims to isolate Japan diplomatically and tarnish its reputation while stoking nationalistic hatred among the Chinese people. 📰 The CCP's propaganda campaign uses limited access to unbiased information and redirects domestic discontent towards external enemies. 12:34 China's lack of freedom of speech and press enables the ongoing vilification campaign. CCP seeks to channel widespread discontent towards Japan due to declining economy and rising unemployment rates. Chinese citizens' enthusiasm for traveling to Japan remains high despite the CCP's propaganda campaign.
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  2104. 📉 China is experiencing a silent surge of middle-aged joblessness, with over 200 million people engaged in flexible employment and delivery riders struggling to find orders. 00:19 China has over 200 million people engaged in flexible employment. Delivery riders are struggling to find orders and earning much less than before. Many single mothers have joined the delivery industry due to lack of other job opportunities. 📊 The average national urban unemployment rate in the first half of 2023 was 5.3%, a decrease of 0.2 percentage points from the first quarter. 02:54 The unemployment rate for local urban residents was 5.1%, while for migrant urban workers it was 21.3% and 4.1% respectively. Unemployment rates for different education levels were 4.4%, 4.4%, 3.9%, and 3.2% for junior high school or lower, high school, associate's degree, and bachelor's degree or higher respectively. In major cities, the unemployment rate was 5.5%, consistent with the previous month's data. ! Delivery drivers in Beijing are struggling to get orders due to high competition and low demand. 05:02 Delivery drivers in Beijing are facing high competition and low demand, with some only receiving around 30 orders per day. The industry is saturated, making it difficult for delivery drivers to make a decent income. Even during dinner time, there is a lack of orders, affecting both suburbs and inner city areas. 😔 The influx of new drivers to DD has increased competition and led to low earnings, causing drivers to struggle financially. 07:32 Many drivers are complaining about spending a large amount of money on a car for DD but only earning a minimal amount in return. Some drivers are considering joining discounts to compete, as the increasing number of drivers has reduced their chances of earning enough. There are jokes about even Teslas being used as DD vehicles to make ends meet. 🚗 Stricter regulations and an oversaturated market have made it challenging for ride-hailing drivers in China to earn a sustainable income. 09:53 Stricter regulations have made it difficult for new drivers to sign up for ride-hailing platforms without proper documents. The market is flooded with drivers, leading to a situation where there are more drivers than riders. Rental costs and low demand have resulted in new drivers struggling to make more than 500 yen per day.
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  2105. 😔 Black Friday sales have been disappointing for many sellers, with a significant drop in orders and profits. 00:39 Over 40% of surveyed sellers were disappointed with Black Friday sales, failing to clear their inventory. 34% of sellers did not participate in the Black Friday event, and only 22% experienced a surge in orders. 11% of sellers reported poor profit performance during Black Friday. 👗 Customers express disappointment with the poor quality and slow logistics of Shan's clothing, despite influencer promotion. 03:08 Customers complain about poor quality and slow shipping from Shenzhen, China. Inconsistency in quality and sizing, with some items being unwearable. Famous influencers promote Shan's clothing with glamorous images, leading to consumer skepticism. 💼 The US is proposing a bill to require more information about parcels entering the country, which may impact Chinese e-commerce businesses. 06:21 The bill aims to prevent China and Russia from flooding the US market with low value goods. Chinese e-commerce enterprises will no longer be exempt from taxes for goods imported into the US worth less than $800. Small and large traders, as well as cross-border sellers, will be impacted by the tax policy adjustment. ⚠ The video discusses the detection of fraudulent shipments from companies in Shin Jang and their potential involvement in forced labor, posing a threat to US import regulations and ethical concerns. 09:12 Shin Jang companies are manufacturing various products, potentially involving forced labor and violating US import regulations. Senator Rubio highlights the exploitation of the Dom Minimus loophole and the exacerbation of CCP government's forced labor situation. The US House of Representatives report emphasizes the evasion of US supply chain scrutiny and suspected forced labor by overseas versions of pind teu.
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  2106. High Return Rate of 99% Leaves Live Streaming Sellers in Tears as Double 11 Sales Event in China Witnesses Decline in Consumer Spending 📉 A livestreamer known as 'Little Sheep' gained attention for his staggering 99% return rate of products sold during the Double 11 sales event in China. 00:18 Little Sheep's livestream had a 99% return rate of products sold during the Double 11 sales event. 00:18 Little Sheep's livestream gained attention and he was jokingly referred to as the 'champion of sale returns'. 00:32 Chicken feet snacks were a popular product promoted by Little Sheep, but had a high return rate. 01:11 The total amount refunded reached 180 million yen, with chicken feet returns accounting for 160 million yen. 01:18 Little Sheep's livestream followers engaged in a unique form of interaction, using investment terminology to describe their actions. 02:07 Products often sold out quickly but were promptly returned under the claim of 'short selling'. 03:08 The livestream sparked lively discussions and playful comments among viewers. 03:29 📺 A financial blogger turned live streamer, Little Sheep, experienced a surge in sales but also a high return rate of over 99% for the products sold. 03:43 Little Sheep's live stream featured the ALfenga gaming chair, which generated sales of 20 million yen. 03:43 Little Sheep's followers started requesting refunds, resulting in a return rate of over 99% and a refund amount of over 100 million yen. 05:12 Despite the high return rate, Little Sheep's popularity and follower count increased significantly. 06:02 Most of Little Sheep's followers participated for entertainment rather than serious purchasing. 06:29 Both Little Sheep and the merchants faced substantial losses due to the high return rates. 06:36 The merchants had to bear the costs associated with returns, including shipping, handling, and product loss. 07:12 The phenomenon of high return rates is not unique to Little Sheep's live stream. 07:20 📺 China's leading live stream sales host, Lee Jai, reportedly generated over 25 billion yen during this year's Double 11 shopping festival, but rumors of high returns and competition from jd.com have caused controversy. 07:44 Lee Jai faced 6 billion yen in returns due to dissatisfied customers engaging in a cycle of buying and returning products in his live stream. 07:44 Lee Jai's accusations of copyright infringement against jd.com led to a response from the platform, aggressively competing with lower prices and giveaways to mock him. 08:24 Many viewers switched to jd.com for better deals, causing a significant number of returns for Lee Jai. 08:50 Lii's team denied the reported revenue of 25 billion yen, stating that the figures were completely fabricated and inaccurate. 09:26 Lii's sales on the first day of last year's Double 11 pre-sale reached 21.5 billion yen, but this year it decreased by more than 50% to 9.5 billion yen. 09:50 The denial from Lee Jai's team comes amidst increased scrutiny of wealth accumulation in China and his previous controversies. 10:17 Lee Jai faced financial challenges, including a tax evasion scandal and suspension, and received backlash for promoting a domestic brand during a live stream. 10:48 😡 Viewers expressed anger over a commentator's remarks mocking the poor and highlighting the lack of opportunities for young people in China. 11:23 Commentator's remarks sparked outrage and led to a loss of followers. 11:23 Critics pointed out that wages had not increased despite rising costs. 11:30 Online shop owners also experienced a surge in returns during the shopping festival. 12:09 Many participating merchants suffered losses during the festival. 13:06 Major e-commerce platforms declared growth but did not disclose specific figures. 14:04 📉 The total sales during the Double 11 shopping festival in China this year were significantly lower than previous years, indicating a decline in consumer spending. 15:00 Sales volume of parcels this year was 639 million, down from 696 million in 2021 and 675 million in 2020. 15:00 Chinese media sources reported that the total sales across all platforms during the festival amounted to 77 billion yuan, far less than Taobao's 500 billion yuan turnover last year. 15:53 Turnover on e-commerce platforms this year dropped by over 70% compared to last year. 16:21 Consumers are no longer easily fooled by price tactics and are resisting price hikes. 16:38 There is a growing anti-consumerism trend and a lack of disposable income among consumers. 16:54 The Double 11 shopping festival has lost its purpose and people are wise to the tricks. 17:04 There is a call to stop deceiving consumers and drop the act of the festival. 17:13
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  2107. Low-Cost Consumption and Frugal Spending Habits Drive Intense Price Wars in China's Dining and Beverage Industry 🍞 The video shows the popularity of low-cost consumption and frugal spending habits among Chinese consumers, as well as the intensifying price wars among retail giants. 00:00 People queueing for 2 to 3 un bread in Shian, with over 5,000 pieces sold daily. 00:00 University students primarily buying the bread, leading to long queues. 00:16 Similar 2 un bread shops appearing in other cities, indicating its popularity. 01:04 Observations of decreased consumption and frugal spending habits in food delivery orders. 01:31 Intensifying price wars among China's retail giants to attract thrifty consumers. 02:18 Hila hot pot chain opening lower-priced brand stores to cater to cost-conscious customers. 02:41 Adoption of semi-self-service model for cost control by Hila hot pot. 03:10 💰 The video discusses the impact of the pandemic on the dining and beverage industry in China, leading to price adjustments and intense competition. 03:27 Haidilao expanded rapidly during the pandemic, but faced heavy pressure in 2021, leading to store closures and operational issues. 03:27 Haiti Mini, a sub-brand of Haidilao, faced challenges due to price competition and consumer downturn, eventually closing its last store in 2022. 04:26 Competition within the beverage industry intensified, with brands like Haiti and Maai lowering prices to increase visibility. 06:32 Haiti Mini's closure and Maai's price reduction are examples of the impact of the pandemic on consumer behavior and business strategies. 07:07 💰 The video discusses the impact of economic downturn on consumer spending and the trend of discounts in China. 07:37 Jang xang latte sold over 5.4 Million Cups on its first day with sales exceeding 100 million yen. 07:37 The entry threshold for young people to taste MOT Thai has become increasingly low, reflecting the stagnant economic situation in modern Chinese society. 08:36 China's current financial situation has led to a new trend of discounts, with major brands engaging in a price war. 08:51 B Store has seen a continuous decline in revenue for five quarters, with net profit falling year over year. 10:07 B Store's Revenue fell by 14% to around 6 billion un and net profit dropped by 33% to 1.9 billion y in the first three quarters of 2023. 10:22 The downturn in consumer spending has tightened people's purse strings, leading to the rise of discount and budget stores. 10:41 Smaller, cheaper versions of products are also becoming popular in response to the economic situation. 10:49 💰 Chinese consumer spending habits have shifted towards cost-effective and value-driven purchases, impacting the economy and international brands. 11:10 Chinese consumers prefer economical and cost-effective products over lavish spending, leading to a decline in consumer demand for expensive brands. 11:10 Social e-commerce and user-generated content have influenced consumer mentality and purchasing decisions, making cost-effective products more popular among young people. 11:25 Consumers have become more discerning and prioritize actual value over brand names, favoring products that offer more for less. 12:44 The rise of domestic brands in China has led to a shift away from international brands, as younger generations focus on inner needs and actual consumption. 13:32 The Chinese government's zero Covid policy during the pandemic has also contributed to the economic trend by impacting capital outflow and foreign investments. 14:16 💰 The Chinese economy is experiencing a decline in purchasing power and deflationary risks, with questionable government interventions. 14:46 Consumer Price Index decreased by 0.5% year on-year in November. 14:46 Producer Price Index fell for the 14th consecutive month. 15:09 China's economy grew moderately by 4.9% in the third quarter. 15:17 Renowned commentator W H suggests that the CCP is unwilling to stimulate consumption and has been printing money without clear impact. 15:55 The CCP boasts of an effective market with a proactive government, but the reality is a distorted market and a reckless government. 16:26 The chaotic market and a capricious regime have led to the current precarious and unpredictable state of the entire Chinese economy. 16:38
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  2110. 📉 Country Garden, China's largest real estate conglomerate, is facing a severe crisis with an expected net loss of RMB 45-55 billion, leading to a decline in stock prices and credit rating. 00:00 Country Garden announced an expected net loss ranging from RMB 45-55 billion. The company's stock price dropped 5.8% in the Hong Kong stock market. Moody's downgraded Country Garden to 'CAA1/CAA2' with a 'negative' outlook. 😱 Country Garden, a real estate company, is facing a potential crisis as its management tries to mitigate risks and preserve liquidity through actions such as selling shares and donating equity to a charitable foundation. 06:22 Li Changjiang, a major shareholder, sold 3,227,900 shares of Country Garden, reducing his stake to just 0.11%. Yang Huiyan, the chairman of Country Garden's board, donated 20% of the equity in Country Garden Services, worth CNY 6.4 billion, to the Guoqiang Public Welfare Foundation. The potential collapse of Country Garden would have severe consequences, including devastating homebuyers, impacting other real estate companies, and putting the entire real estate sector at risk. 🏢 The Chinese real estate market is facing a crisis as developers like Evergrande and Country Garden struggle with massive debts and unfinished projects. 11:29 Wall Street is concerned about the impact of potential defaults on major Chinese bank bonds and global financial investments in China. Country Garden has over 3,000 projects, indicating a potentially more severe fallout than Evergrande's collapse. The cost of unfinished projects is borne by the average citizen, leading to public resentment towards the real estate industry.
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  2116. 🏢 The Beijing Central Business District and Jungwan Chuin, China's Silicon Valley, are now desolate due to the lingering effects of COVID-19. 00:00 The economic downturn in Beijing Central Business District and Jungwan Chuin is a result of the COVID-19 pandemic. Traditional retail in the area is almost non-existent, with vacant stores and offices. Entrepreneurial cafes have reduced seating and some have transformed into boutique coffee bookstores. 😔 The rental market in Beijing's tech hub is facing challenges with high vacancy rates and plummeting rental rates. 02:33 Average monthly rent for office spaces in Beijing is 316 unen per square meter. Vacancy rate for office buildings in Beijing's tech hub is at a near decade high of 16.9%. Residents have observed a significant decrease in activity and crowdedness in places like Donguan Shenin and Shanghai. 📉 The pandemic initially stimulated e-commerce growth, but the decline in China's economy and consumer spending has led to a significant decline in online sales. 05:24 A woman in the e-commerce industry reports that her online store's traffic and sales have significantly declined since the golden week holiday in early October. A delivery personnel from an online shopping platform confirms that their sales and delivery volumes are even worse than during the pandemic's peak. Large-scale industrial enterprises in China have recorded a decline in profits during the first eight months of the year, with a year-on-year drop of 11.7%. 📉 The skincare and beauty industry in China is still struggling to rebound following the pandemic, with reduced consumer spending and lagging customer influx to beauty studios. 07:51 Skincare and beauty industry in China is facing economic concerns due to reduced consumer spending. Moon cake sales in China have been sluggish, with a decline in orders by 30 to 40% this year. Orders for moon cakes have significantly decreased, putting immense pressure on businesses. 💼 China's consumer spending during the golden week is not providing the expected uplift in revenue, and stability in the real estate sector is crucial for a robust economic resurgence. 10:19 China's consumer spending during the golden week is worth paying attention to, as it has not provided the expected boost in revenue. Stability in the real estate sector is necessary for a robust economic resurgence in China. China's annual CPI growth rate in August was only 0.1%, indicating subdued economic simulation compared to pre-pandemic levels.
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  2117. 😱 Shocking video reveals substandard construction of resettlement homes without cement. 00:37 Villagers spent 400,000 Yuan on resettlement houses only to find they were of poor quality. The walls of the homes are less sturdy than traditional Adobe walls and can be dismantled by hand. ⚠ The video discusses the widespread issue of compromised construction standards and substandard housing quality, leading to safety concerns for residents. 03:13 Construction contractors being relatives of local officials leading to compromised construction standards and cost-cutting. Residents of Harmony Home Community facing structural issues in their buildings, leading to safety concerns and forced evacuation. Local departments commissioning building inspection agencies to assess structural safety of buildings in the community. 🏚 Villagers in Hunan Province reported substandard construction of poverty alleviation resettlement houses, with numerous quality issues including paper doors and cracked walls. 06:53 Villagers reported poorly constructed resettlement houses with cracks in exterior walls, paper doors, and various quality issues. One homeowner demonstrated the poor quality of his door, revealing it was filled with paper and cardboard. Another resident had to reinforce the floors in her bedroom and living room due to shaking, and experienced cracked and falling walls. ⚠ The video highlights multiple cases of substandard construction in resettlement houses, posing potential danger to residents. 10:14 Cement crumbles easily when pinched by hand, indicating shoddy construction. Multiple cases of substandard construction in resettlement houses, including falling exterior wall coating and easily chipped concrete pillars. Shanty town renovation project exposed as substandard construction endeavor, causing serious quality issues such as leaks in resettlement area. 🏚 Government-led poverty alleviation projects in China have led to substandard and dangerous living conditions for villagers. 13:50 Government-led poverty alleviation projects in poor counties in China became hotbeds of corruption, resulting in substandard constructions and dangerous housing situations. Villagers resorted to propping up cracked walls with tree trunks and grinding stones to prevent collapse. The entire process of relocation, construction, and occupation of the new Village was described as rotten, with poorly built foundations and drainage channels.
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  2126. 💰 China's potential plan to enhance the international attractiveness of its currency, the renman B, and the potential impact on the global market. 03:30 China's strategy to accumulate gold and potentially decouple from the US dollar to maintain economic stability. Predictions of China taking unprecedented steps to break the renman B out of its current restricted state and enter the international market on a large scale by 2024. The potential risks and benefits of the renman B entering the global market in large quantities, including significant fluctuations in its exchange rate. 🚢 The Chinese military is facing challenges with their carrier steam turbines, fighter jets, and nuclear submarines. 06:48 The fujian carrier steam turbine takes up to 12 hours to start, affecting quick response to battlefield needs. The j15 fighter jet has limited combat effectiveness due to insufficient engine power. The Chinese nuclear submarine force has faced significant challenges, including an accident resulting in the death of senior technical personnel. 🌏 US strengthens military presence in South China Sea to counter China's challenges and prevent focus shift to other regions. 10:34 US strategy to counter China's challenges in the South China Sea seen as a strategic upgrade in the region. Philippines taking proactive stance with US support, evident from USS Gabrielgord's entry into Philippine waters. US presence changes situation at Rai Reef, posing a complex challenge for China in the region. 💥 The video discusses US efforts to contain China's actions and challenges in technology decoupling. 13:54 US reaffirming support for the Philippines and hinting at military deployment preparations China's efforts to achieve self-reliance in technology and strengthen theft of Western technology Likely adoption of more stringent countermeasures by Western countries in response to China's aggressive strategy
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  2132. 💰 Shanghai's housing market has plummeted by 30%, causing financial distress and desperation among homeowners. 00:00 Shanghai's housing prices have dropped by 30%, causing financial distress for homeowners. Despite new real estate policies, the housing market in Shanghai continues to decline. Luxury housing market is particularly affected, with properties difficult to sell even at reduced prices. 🏠 The rental market in Shanghai is facing significant challenges, with a notable decrease in demand and an increase in vacant properties. 03:53 Rent prices have dropped, making it difficult for landlords to rent out their properties. There has been a clear divide in the rental market, with a decrease in high-end rentals and an increase in vacant properties. Long-term rental apartments are struggling, with companies seeking to terminate contracts with landlords due to the increase in vacant properties. 📉 Shanghai's rental market and financial sector are facing significant challenges, leading to a liquidity crunch. 06:54 Shanghai's rental market and real estate sector are experiencing difficulties due to tenants returning home for the Chinese New Year. The financial sector in Shanghai, including non-bank institutions, is facing a severe liquidity crunch, with minimal growth and cash reserves. Local debt restructuring projects are draining funds, contributing to the liquidity crisis in Shanghai's financial market. 📉 Shanghai's tax revenue and office building market are facing challenges, leading to economic decline. 10:22 Shanghai's tax revenue only increased by 2.8% in the first three quarters, significantly trailing the national growth rate of 11.9%. Shanghai's office building market shows a predicted annual vacancy rate of 21.6%, with over 20% of office buildings vacant. Several foreign financial institutions have closed their offices in Shanghai, leading to a high vacancy rate and economic challenges. 💼 The video discusses the high vacancy rates and challenges faced by a mall in a difficult economic environment. 14:01 High vacancy rates in various floors of the mall Challenges due to the pandemic, educational reforms, and global economic factors Prediction of prioritizing financial resources for sustaining local businesses
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  2136. 🏰 Jing Jin City, the largest Villa area in Asia, remains largely empty despite its ambitious plans and grand structures. 00:16 Despite significant investments, the occupancy rate of Jing Jin City has remained extremely low. Jing Jin City was planned to cover over 4,100 acres and accommodate a population of 500,000. The city includes residences, entertainment facilities, a commercial center, and a temple. 🏙 China is experiencing a rapid construction of new cities driven by high property prices, local government reliance on land finance, and lack of coordinated urban planning. 03:39 China has planned an average of 4.6 new cities for each provincial capital and about 1.5 new cities for each prefecture level city. The planned population for these new cities requires accommodating almost half of the global population. The overabundance of new cities is due to local governments competing in a race to build more cities and the lack of coordinated urban planning. 🏢 The city of Leoning in China has a high number of empty real estate properties, making it a ghost town. 07:04 Leoning has a high number of empty real estate properties. The properties were likely sold but many people haven't moved in. Leoning is the largest ghost town in Paning Leing with tens of thousands of housing units. ❌ High-Speed Rail new cities are no longer viable due to the changing economic climate. 10:37 Relying on High-Speed Rail stations to promote urban expansion is no longer viable. Some cities, like Singua City, are canceling their new Railway city projects. Constructing high-speed rail districts for a small population at a high cost is not practical. 🏙 Smaller cities in China are facing challenges with shrinking populations and debt burden due to ambitious expansion plans. 14:05 Population migration to larger cities is an inevitable trend of Social Development. Smaller cities should focus on introducing industries that sustain Urban Development and providing efficient public services. Financially strapped smaller cities borrowed heavily to construct new cities, resulting in a waste of land resources and little economic benefit.
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  2137. China's Long March 3B Rocket Debris Poses Ongoing Threat to Villages, Impacting Residents and Environment with Toxic Gas and Smoke Release ⚠ Toxic rocket debris from China's Long March 3B rocket poses a recurring threat to villages, impacting innocent residents and the environment. 00:00 Debris from hazardous Long March 3 Series Rockets has struck the area in bisu multiple times, releasing toxic substances into the air. 00:00 The rockets contain highly toxic hydrazine fuel and nitrogen tetroxide oxidizer, posing a danger to the environment and people. 01:06 Villages have been repeatedly affected by rocket debris, causing fear of water contamination and impacting innocent residents. 03:05 ⚠ The risks and impact of satellite launches in China. 03:10 Satellite debris causing damage and casualties in rural areas. 03:10 Lack of adequate compensation and support for affected villagers. 03:27 Denial of casualties and opposition to insurance for affected residents. 04:51 Perceived disparity in military spending on luxury vehicles versus insurance for residents. 05:44 Wide-ranging impact of rocket debris on multiple provinces and millions of people. 05:59 Limited effectiveness of public evacuations before satellite launches. 06:15 Lack of accountability and management of residents in major launch areas. 06:27 🚀 The video discusses the impact of Chinese rocket debris on rural areas and the government's shift towards less toxic alternatives. 06:39 Rocket debris damaging rural homes in China's space endeavors 06:39 Over 100 instances affecting nearly 2 million residents 06:53 Government's shift towards less toxic rocket alternatives 08:33 Establishment of new launch sites to dispose of rocket debris 09:00 Successful launches of less toxic rockets from new sites 09:14 🚀 The video discusses the challenges and lack of progress in precision recovery of rocket debris in China, leaving the public at risk. 09:41 China faces challenges in disposing of rocket debris and using less toxic propulsion methods. 09:41 Chinese authorities have not actively pursued precision recovery, despite successful technology by Elon Musk. 09:55 There is reluctance to invest in precision recovery technology, leaving the public concerned about safety risks. 10:36 China's focus appears to be more on military preparedness rather than investing in rocket recovery technology. 11:55 The lack of progress in reusable rocket technology and first stage rocket recovery poses a risk to the general public. 12:34 Residents in affected areas face uncertainties regarding compensation for damages caused by rocket debris. 13:10 🚀 China's space program has faced numerous setbacks and failures, posing challenges for its future endeavors. 13:17 Damage to properties and hesitancy to invest in property renovations due to the prospect of homes being destroyed by falling rocket debris 13:17 Series of setbacks in Long March rocket launches since 2013, including engine failures and operational errors 13:29 Failures in China's space program serve as a reminder of the challenges faced in space exploration 14:46
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  2139. 🍇 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.
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  2148. I think as a result of the CCP's re-education of Li Jiaqi, Li Jiaqi is no longer the King of Chinese E-Commerce Sales but Li Jiaqi now behaves more like a queen than a king as he was during that e-commerce live-stream make-up sale. I respected Li Jiaqi when he presented the ice-cream cake with decorations that looked like a tank; which happened hours before the anniversary of the June 4 Tiananmen Square protests and mässäcr€ that used to be monumentalised in Hong Kong. Now, Li Jiaqi appears to be pretending that the CCP is pleasant and superior to Chinese people. Li Jiaqi was implying that the Chinese economy has been experiencing rapid growth over the last few years, and Chinese businesspeople are entirely to blame for their salaries not keeping up with the growth of the Chinese economy. Li Jiaqi should go ahead change his English name from Austin to Ryan and his Chinese surname from Li to XI to be more similar to Supreme Compatriot Xi Jinping and to express his admiration for Comrade Chairman Xi Jinping. Think of it, Xi Jinping and Xi Jiaqi sitting in a tree.... 💰 The rising prices of Chinese cosmetic brands and the stagnant wages in China's economy have caused a stir online. Here are the timestamps you needed: 00:08 During a live stream, e-commerce mogul Lijachi rebuffed comments about the high prices of Chinese cosmetic brands and questioned whether wages have increased. The incident highlighted the critical state of China's economy and drew widespread attention from international media. The 79 Yuan eyebrow pencil, while seemingly affordable for some, became a symbol of financial consciousness amidst the economic downturn in China. 📉 China's economy is experiencing a decline, particularly in the retail industry, with major retail giants closing down. 04:48 The economic downturn in China has led to the closure of retail giants like Karafor and Walmart. Sunning.com, one of the largest non-government retailers in China, is expected to incur a significant loss. 😔 Shanghai's three iconic department stores are facing financial distress and decline in revenue and profit. 08:02 Shanghai's three iconic department stores experienced a significant decline in revenue and net profit. The financial performance of these department stores reflects the current predicament facing retail in China. A video shows the desolate state of a large outlet mall in Shanghai. 📉 Newly opened shops are struggling to attract customers and make profits in the current economic conditions. 12:01 Many shops are unable to earn 500 Yuan a day. Newcomers need to adapt to new ways of attracting traffic and break away from traditional thinking. Even online brands are experiencing financial decline amidst the adverse economic conditions. 📉 China Resources Group sells Pacific Coffee amid declining store numbers and increasing closures. 15:41 Pacific Coffee's market share in mainland China increased and it became the second largest coffee chain brand after Starbucks. China Resources Group sold Pacific Coffee to a startup team at a low price, indicating a possible eagerness to offload the brand. The number of new Pacific Coffee stores has been decreasing annually, with closures gradually increasing since 2019.
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  2151. 😔 Vloggers in the real estate sector in China are facing financial difficulties as housing prices have fallen due to the pandemic, leaving them torn between repaying their mortgages and defaulting. 00:19 The vlogger bought a house in 2018 for 1.75 million RMB and owes the bank 1.2 million RMB, losing most of her initial down payment. The vlogger worked in the real estate sector for 5 years and believed her house would be an asset, but now it has become a liability. Another individual took out a loan to buy a house in 2019 and is struggling with high monthly repayments, with most of it going towards interest. 💔 A man's property investments go sour, leading to massive debts and a damaged credit reputation. 05:16 The man's properties were at risk of foreclosure due to reduced income and inability to make mortgage payments. The property market tumbled, resulting in a significant loss when the man tried to sell one of his properties. The man faced legal action from the bank, had his properties auctioned, and accumulated a total loss of 10 million yuan. 🏢 China's real estate market is in a slump, with foreclosed properties not selling and prices dropping. 10:53 China's real estate market has hit rock bottom due to negative population growth and companies building houses on debt. Real estate auctions face challenges as population growth is negative and getting a good deal may be challenging for the next 5 to 10 years. The slump in the real estate market has also impacted the financial trust industry, with defaults from Zhongrong International Trust affecting other companies.
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  2179. 🇨🇳 Amid China's economic downturn, unemployment is skyrocketing, leading to a growing population of homeless individuals struggling to survive. 00:00 Unemployment rate in China is skyrocketing, with many people struggling to find work and resorting to sleeping on the streets. Recent cleanup efforts in Guangdong highlight the plight of those living without a roof over their heads or a place to stand. China's stringent zero policy has exerted immense pressure on its economy, leading to significant challenges for the population. 🌏 Young Chinese professionals are seeking opportunities abroad due to economic uncertainty and a desire for freedom. 02:50 Many young professionals in China are seeking to leave the country due to economic uncertainty and a desire for freedom. Thailand offers various long-term visas, including one-year student visas, making relocation easier for Chinese expats. The pandemic has led to a surge in Chinese individuals searching for immigration opportunities, with many choosing to stay abroad indefinitely. 🇨🇳 More Chinese people are moving to Thailand for a better lifestyle and education opportunities. 05:55 Chinese are attracted to Thailand for its cleaner environment and better air quality. Thailand offers a developed service industry and eases cultural barriers for Chinese expats. Thailand provides high-quality international education opportunities for Chinese students. 🇹🇭 Thailand's Elite Visa program is attracting more Chinese buyers who are interested in luxury apartments for personal use, as they seek a safer lifestyle and investment opportunities. 08:42 Thailand's Elite Visa program is gaining popularity among high-end Chinese individuals for long-term residency and freedom of entry and exit. Many Chinese buyers are now choosing to purchase luxury apartments in Thailand for personal use, attracted by lower cost of living and job opportunities. Chinese people are eager to invest in overseas real estate in Thailand to secure a safer lifestyle during pandemics and hedge against domestic economic risks. 📉 The unemployment rate for Chinese youth, especially university graduates, is much higher than reported by the government. 11:35 Unemployment rate for Chinese youth age 16 to 24 climbed from 16.7% to 21.3% University graduates in Shanghai have an employment rate of only about 30% Experts estimate the real unemployment rate for University graduates in China could be close to 50%
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  2184. 📉 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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  2185. "Popular Supermarket Chain in China Faces Sudden Closure, Sparking Concerns About Economic Challenges and Job Losses as Foreign-Owned Supermarkets Withdraw from the Market" 💼 Shanghai resident discovers sudden closure of popular supermarket chain, raising concerns about job losses and economic challenges. 00:00 Shanghai resident finds nearby supermarket closed with shelves neatly arranged and products still on display. 00:00 Customers express surprise and disappointment at the sudden closure of the budget supermarket chain. 00:17 Residents lament the impact on employees and the convenience of the supermarket's closure. 00:31 Concerns raised about the challenging business environment in Shanghai and unexpected unemployment. 01:14 Speculation on reasons for closure includes potential exit from Chinese market or struggle in competitive sector. 02:03 Personal experiences at the supermarket highlighted positive consumer experiences and pleasant store layout. 02:10 Leaked letter suggests supermarket's long-term losses and financial struggles. 02:33 💼 Beair supermarkets faced financial crisis and sudden closure, sparking sympathy and concern among netizens. 02:40 Beair's board suspended operations and assessed assets and liabilities due to a deteriorating retail market environment. 02:40 Former CEO Gia Hong bin revealed that the core reason for the shutdown was a cash flow interruption. 03:00 Beair received multi-million Yuan long-term financing from Argan Capital to support its expansion. 04:20 Founder Philip Spangenberg stepped down from his roles at the end of 2021, succeeded by Chinese National Jah hongin. 04:49 Beair's board had discussions with potential buyers to sell the business, but nothing was finalized. 05:11 Insiders revealed that some Beair stores couldn't pay rent and there were delays in payments to suppliers. 05:17 Industry saturation and fierce competition from entities like Fresh IO Outlets posed challenges for Beair in the domestic market. 05:37 📉 China's physical economy, including supermarkets and large retailers, is facing closures and challenges due to declining sales and economic downturn. 05:51 Covid-19 impact on China's economy and consumer behavior 05:51 Closure of Carrefour in Shanghai and its impact 06:11 Struggles of other foreign retail giants like Walmart and Tesco in the Chinese market 07:22 Closure of the last Pacific department store in Shanghai 08:33 Exit of local Chinese supermarkets from the market 08:39 Challenges and operational difficulties faced by local Chinese supermarkets 08:46 Current situation inside a department store in Tian district 09:00 🛒 The decline of China's supermarket giants due to financial difficulties and store closures. 09:32 China's leading supermarket, China resources Vanguard, has been closing down stores due to financial challenges. 09:32 Yungui Superstores, another supermarket giant, is facing operational difficulties and high debt ratios. 10:02 Yungui has been selling assets to survive debt troubles, including selling shares and closing stores. 10:46 Despite being one of the top 500 enterprises in China, Yungui has been experiencing losses and declining store count. 11:31 In 2023, Yungui's revenue decreased by 12% year-on-year, and its net profit also declined significantly. 11:55 Yungui briefly turned a profit in Q1 but incurred losses in Q2 and Q3, leading to a significant overall loss. 12:10 In 2023, Yungui closed 20% of its stores nationwide, indicating a significant decline in its business operations. 12:20 📉 The Chinese retail market is experiencing a significant slowdown, leading to closures of major supermarkets and malls, impacting the real estate sector and contributing to a projected economic growth decline for China. 12:29 12:29 - Over 400 store closures in 2 years with a 7% closure rate 12:29 12:36 - Crowds in physical supermarkets and malls are recovering, but sales remain below expectations 12:36 12:41 - 14 major supermarket companies facing losses, with 9 incurring losses in 2022 and 4 continuing to suffer losses in 2023 12:41 12:49 - Supermarkets experiencing revenue declines compared to the previous year, hoping for a rebound post-pandemic 12:49 13:02 - Some companies lacking confidence in market turnaround, choosing to close upon lease expiration 13:02 13:28 - Closures among large retailers reflecting a broader economic slowdown in China 13:28 13:41 - China's economic growth expected to slow from 5.2% in 2023 to 4.6% in 2024, with factors like real estate market slump and weak consumer spending contributing to the outlook 13:41
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  2187. ! Street vendors in the city are being chased and have their belongings seized by city management officers, causing distress and chaos. 00:33 Street vendors are being chased and their belongings seized by city management officers. Vendors are running away and customers are chasing after them. Vendors express fear and anxiety about sudden attacks and confiscation of their food carts. 😔 The video highlights the struggles faced by street vendors in China due to fines and penalties imposed by law enforcement officers. 03:59 Street vendors in China face the harsh reality of fines and penalties imposed by law enforcement officers. A young man setting up a street stall pleads for mercy from law enforcement officers. The Civilized City campaign in China raises questions about the difficulties faced by mothers who bring their children to work. 💼 The video highlights the issue of a bloated bureaucratic structure and corruption in China's public service, leading to a financial crisis and burden on the people. 07:15 Approximately 23% of China's employed population is dependent on the state for their livelihood. The bloated and oversized institutions in China's public service have reached an unprecedented level in history. The large number of public servants and corruption contribute to the national financial crisis and burden on the people. 💼 China's national finances are under significant strain due to international tensions, a real estate crisis, and the impact of the pandemic. 11:01 The Chinese Communist Party's international tensions have led to a depression in the foreign trade sector and withdrawal of foreign companies from China. The Chinese authorities' crackdown on real estate developers has resulted in a nationwide real estate crisis and strained local government finances. The 3 years of the pandemic and extreme lockdown measures have devastated China's physical economy, leading to widespread business closures and unemployment. 💰 Local governments in China are being prompted to take actions to reduce staffing and tighten their belts due to financial difficulties after the pandemic. 13:53 A clean-up of outside staffing may lead to a reduction in official staff. China's Ministry of Finance emphasized the long-term government policy of tightening belts. Local governments are taking steps to address the issue of idle civil servants and reduce administrative costs.
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  2188. "The Economic Downturn in China: The Harsh Challenges Faced by Young People, from Unemployment and Exploitation to the Struggles of Job Hunting and Survival in the City, and the Impact of a 'Giving Up' Attitude on the Country's Economy" 😔 The video discusses the challenges faced by young people in China due to the economic downturn, leading to widespread unemployment and difficult living conditions. 00:00 Many young people in China are struggling to find work and are forced to take temporary jobs or even end up on the streets. 00:00 The 'sonho gods' work for one day, rest for three days, and survive on a daily wage of 100 unen, living in harsh conditions. 00:28 They live in internet cafes, on the streets, or in crowded rooms, and survive on cheap instant noodles and water. 01:19 Some of them have been in Shenzhen for several years and struggle to find steady employment, facing exploitation and deception. 02:22 😔 A day laborer in China faces exploitation and challenges in earning a living. 03:13 Brother Tan waits for promised pickup that never arrives 03:13 He works long hours for low pay at a hotel 03:27 Struggles with transportation and additional fees 04:16 Injured on the job and denied treatment and pay 05:15 Confronts the boss but is met with indifference 05:38 🌆 The struggles of job hunting and survival in the city for young graduates. 05:57 Brother Tan laments the struggles of job hunting and the impact of illegal activities in Sanho. 05:57 Many Sanha gods are burdened with debts and lack the necessary IDs for housing and employment. 06:19 Sanha gods are mainly middle-aged men and women from rural areas with limited education, struggling with job seeking. 06:33 The term 'sweat shops' is used to describe the poor working conditions faced by many in employment. 06:55 The narrator reflects on the tough job market, their own struggles, and the decision to take on part-time gigs for survival. 07:18 The narrator finds joy and new experiences in various part-time gigs, embracing a socially isolated but free lifestyle. 08:11 💔 Migrant workers in Chinese factories endure harsh conditions and turn to internet cafes for escape and solace. 08:53 Migrant workers in Chinese factories face strenuous and harsh working conditions with unattractive wages. 08:53 Many new generation migrant workers feel hopeless in cities, leading to the emergence of the 'sonha Gods' who barely survive on day-to-day wages. 09:13 One young man's experience as a 'sonha God' led him to seek escape in internet cafes and cheap hotels in Sanha. 09:56 Internet cafes serve as a gateway to escape for the youth of sanha, offering a temporary relief from their harsh reality. 11:14 📉 The video discusses the impact of a 'giving up' attitude among Chinese youth on the country's economy. 11:47 Brother Yu's experience with the 'sanha' gods in China 11:47 The existence of low-income community clusters in Shenzhen 12:29 Chinese government's focus on promoting positive energy and avoiding criticism 12:52 The helplessness of those at the bottom of society in the face of economic downturns 13:05 The coping mechanism of giving up among young people in China 13:19 The potential threat of this pessimistic attitude to China's slowing economy 13:26 The widespread dissemination of the concept of giving up on social media 13:39
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  2190. 🧥 University students in China are sparking a trend by wearing military coats and floral padded jackets, making a strong fashion statement. 00:06 The viral video of Chinese university students wearing military coats and women strutting in military coats and floral padded jackets has sparked a trend among college students. The once plain looking military coat has become a top choice for university students to combat the cold, and the floral padded jackets have also gained popularity among female students. The resurgence of military coats from the 1950s and 60s has been noted, with students commenting on the cost-effectiveness and daring fashion choices of the younger generation. 🧥 The sales of military coats have surged this year due to their cost-effectiveness and warmth compared to down jackets. 03:00 Merchant reports increased sales of military coats exceeding 10,000 on the platform. Military coats are popular due to being cost-effective, warm, and easy to clean and maintain. Business owner in the industry for 5 years reported exceptional sales of military coats this year. 🧥 The video discusses the popularity of military coats and reverse consumption among young people in China during weak economic times. 05:43 Lipstick sales surge during tough times due to their inexpensive yet mood-boosting nature. Military coats are popular due to their warmth, volume, and affordability compared to down jackets. Reverse consumption is a rational approach by young people to manage their finances tightly, as seen through the popularity of military coats on Chinese university campuses. 📉 The video discusses the impact of China's weakening economy on consumer behavior and the recent decrease in prices. 08:52 China's economy is weakening, leading to a decrease in consumer spending and a shift towards lower-priced goods on lower floors of malls. The National Bureau of Statistics of China announced a decrease in the Consumer Price Index for October, entering a deflationary level. The producer price index also fell by 2.6% year-on-year, indicating a decrease in prices at the production level. 📉 Prices of crabs and pork have dropped, with pork experiencing a significant decrease in the market. 11:45 Crab prices have dropped by 6 to 7 win, and pork prices have plummeted by 30 to 40% compared to last year. The price of live pig has decreased by 4.5% from the same period last month, with a 42% year-on-year decrease. The double 11 shopping festival saw a significant decrease in online sales, totaling only 243 billion win, marking it as the most dismal in history.
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  2191. This was a fascinating episode. I watched this video many times. Below are my timestamps for this video: 🚇 China's subway systems mostly operate at a loss, and many cities don't need them due to lack of physical space and high costs. 00:54 Subways in average Chinese cities operate at a loss and only major metropolises have the physical space for subway construction. Building and operating subways in China is costly, which is why many cities don't need them. 💰 Many Chinese subway systems are operating at a loss, with only a few being profitable due to government subsidies. 02:53 Subways are seen as a status symbol and a sign of affluence for cities. Data shows that only 2 out of 24 Chinese subway systems are profitable when government subsidies are not counted. About 1 in 5 subway systems in China are making money. 💰 Shenzhen's subway system is the second most profitable in China, while Beijing's metro system suffers from significant losses. 05:28 Shenzhen's subway system earned nearly 69 million US dollars in profits, second only to Wuhan. Beijing's metro system experienced a disastrous loss of 24 billion yuan, making it the worst performing subway in terms of profitability. Shenzhen's success is attributed to lower operating costs and maintenance expenses compared to Beijing. 🚇 The National Development and Reform Commission grants permission for cities in China to expand their subway systems. 08:11 The NDRC controls the Chinese economy and gives permission for cities to upgrade their rail systems. The NDRC's response to the economic downturn and financial burden of subways remains uncertain. At least 50 cities have applied for subway construction projects this year. 🚇 Many of China's subway systems fail to meet the newly required traffic intensity standards, but the rules are being bent for some cities like Shaoxing due to potential profitability. 10:38 Only 8 out of 41 subway systems in China meet the newly set traffic intensity standards. Shaoxing, despite having a low traffic intensity ratio, received NDRC approval possibly due to its potential profitability.
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  2194. Seeing all of those poor people saddened me significantly. ! Heart-wrenching scenes of children and elderly people foraging for food and bottles in rubbish bins in China. 00:07 A very small four or five-year-old girl was seen foraging for food and bottles in a rubbish bin in Hubei. Another video showed a young boy collecting plastic bottles with his grandmother in Shanxi. An elderly man in Guangzhou was seen drinking from a roadside puddle until a compassionate woman offered him water. 💰 The poverty threshold in China is significantly lower than official propaganda suggests, leading to a misrepresentation of poverty rates compared to the United States. 04:24 The poverty threshold set by the Chinese Communist Party aligns with the United Nations extreme poverty benchmark, but the number of individuals living in poverty in China exceeds this estimate considerably. The official poverty alleviation standards in China are significantly lower than those of the United States, creating an illusion regarding poverty rates. Last year's poverty threshold in China stood at an annual net income of 3218 Yuan, and this year it has been set at an annual income of 4000 Yuan to escape poverty. 💰 China's wealth gap widens to its highest point since 1985, with the income of the top 20% of urban families being 6.3 times that of the bottom 20%. 08:16 Residents report noticeable floor wobbling in houses that need fortification. CCP's poverty alleviation campaign criticized as a hollow political show. China moving further away from achieving a uniform level of prosperity. 🏢 Luxurious party-building projects are becoming more common in China, with larger billboards and the use of expensive materials. 12:01 Luxurious party-building projects in China are becoming more common, with larger billboards and the use of expensive materials. Recent bidding documents indicate a shift towards more luxurious materials in party-building projects. Some regions are innovating with new projects such as party-building stations, squares, parks, and complexes. 📚 The video discusses the misappropriation of laborers' wages in China, the reasons behind the CCP's reforms and opening up policy, and the inclusion of Xi Jinping's doctrines in the Chinese education system alongside Mao Zedong's. 15:54 Laborers in China are forced to accept low wages due to their extreme poverty. The CCP initiated reforms and opening up in 1978 to stimulate economic growth and secure the role of the CCP Elite. The Chinese education system now includes the doctrines of both Xi Jinping and Mao Zedong.
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  2210. 😡 Business owners in Changsha, Hunan Province protest for fair compensation after being defrauded by developers. 00:38 Hundreds of business owners in Changsha demand rent refunds or the return of their shops, as they had been deceived by the developer. Police attempted to disperse the crowd, leading to conflicts with the protesting business owners. In 2019, legal documents revealed the impending seizure of the stores, shocking the business owners. 💔 Buyers were cheated into purchasing shops at high prices with false promises, leaving them unable to take possession or make any returns on investment. 03:29 Buyers were persuaded to buy shops at high prices with long lease agreements and guarantees of return on investment. Registration procedures were not completed, leading to the freezing of shops and leaving tenants as victims. Businesses inside the mall were in cahoots with real estate developers, leading to a lack of customers for the trapped tenants. 💼 The video discusses the challenges faced by small businesses in malls due to high rent and competition from big brands. 06:58 Malls use big brands to attract customers and make money at the expense of small businesses. Small businesses face high rent, deposits, and thin profits in malls, making it difficult to survive. The video highlights the unfair advantage given to big brands over small businesses in malls. 💼 Merchants in Juji City, China went on strike in response to a sudden increase in rent at the world's largest pearl market. 10:17 Over a thousand merchants collectively shut their doors and went on strike. The East China International Jewelry City serves as a center for pearl and jewelry production, processing, and trade. The annual transaction volume of freshwater pearls in the city accounts for a significant amount. 📈 Businesses in China are struggling with rent increases and inventory management, leading to a surge in public protests. 13:21 Businesses are facing challenges with rent increases and managing inventory, leading to financial strain. The number of public protests in China has surged since the easing of pandemic restrictions, with over 2,230 protests involving at least 29,000 participants.
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  2211. 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
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  2212. 🔫 Details have emerged about a dramatic assassination attempt on Xi Jinping during the BRICS meeting in South Africa. 00:06 Several high-ranking officials within the Chinese military plotted to shoot down Xi's plane using missiles. The orchestrator of the plot is believed to be Liu Chow, the former commander of the Rocket Force. Xi Jinping initiated a widespread crackdown within the Rocket Force and other military departments. 🚀 The video discusses the Communist party's confidence in surpassing the US military, potentially utilizing secret tactics and nerve agents. 03:39 Speculation suggests that the secret tactic could involve the use of nerve agents dispersed via rockets. Xi Jinping may have a powerful ally within the military, enabling him to identify and purge hundreds of individuals. Xi Jinping has established a network of spies throughout the military, including secretaries, drivers, doctors, and even those in intimate relationships. 🤔 Rumors suggest that the trip of al-Assad to the Hjo Asian games was more about stroking her ego than diplomacy, with suspicions of lavish treatment and questions about the source of funds. 06:35 Whispers suggest that al-Assad may not have made the trip without a direct order to send a special aircraft. The aircraft sent to fetch the prime minister of East Timor was from Air China, not Shaman Airlines as rumored. Growing unrest within the Chinese Communist Party is causing leaks and accusations about the use of taxpayer money. 🎇 The grand fireworks display during the Asian Games opening ceremony in Hong Joo was revealed to be an illusion, leaving Jack Ma feeling a profound sense of loss. 10:17 Jack Ma founded Alibaba in Hong Joo and believed his fate was tied to the city. Ma had promised that the next Asian Games would be hosted in Hong Joo and was determined to return for the games. Ma wanted to assist President XI in showcasing the grand event during the Asian Games. 🔍 Rumors suggest possible corruption involving Lee Ying and her husband in architectural design projects. 13:35 Lee Ying's company quickly landed significant projects in 2012, sparking speculations of influence The company was acquired by Danish architect firm shl and later bought out by American firm Perkins Lee Ying allegedly utilized her father's influence to provide essentials to her company's employees during Shanghai's lockdown
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  2219. 🏟 Unexplained paranormal activities have led to the relocation or redesign of significant projects in China, including Olympic venues. 00:31 In 2008, the Chinese government had to relocate Olympic venues due to the Beiding Goddess Temple. The National Stadium, known as the 'Bird's Nest', and the National Aquatics Center, known as the 'Water Cube', were among the iconic structures built for the Beijing Olympics. ! A mysterious tornado hits a construction site, causing extensive damage but leaving a temple unscathed. 02:46 The tornado caused significant damage to the construction site, including collapsed scaffolds and damaged buildings. The Beiding 'Goddess' Temple located at the epicenter of the tornado's path remained undamaged. Some injured workers who were initially pronounced dead miraculously recovered their heartbeat. 🔍 The discovery of an old well in Beijing during the construction of Subway Line 5 has a mysterious history involving the Japanese army and the Cultural Revolution. 11:29 In 1937, the Japanese army found two long iron chains in the well and forced local residents to pull them up, but strange things happened and they returned the chains back into the well. During the Cultural Revolution, the well was disturbed again by the Communist Red Guards, but the details are not provided in the given text. 🚧 Geologists were unable to explain why water was spurted out whenever the piling was driven into the ground, causing construction to halt. 13:57 Geologists were unable to provide a rational explanation for the water spurt anomaly. Consulting Feng Shui practitioners was suggested as a potential breakthrough. The project's lead engineer approached Master Shi Zhenchan for a solution. 🔮 Leaders of the CCP, including Mao Zedong and Xi Jinping, believe in supernatural forces and Feng Shui, using them for personal gain. 17:04 Mao Zedong heeded the advice of a fortune teller and never returned to Yan'an. Mao Zedong and Xi Jinping both believe in Feng Shui and mystical forces.
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  2220. 💰 The Hubei District government in Tianjing faced financial difficulties and borrowed money from a temple, leading to a retaliatory move by the government to restrict the temple's operations during peak income seasons. 00:00 The government borrowed money from a temple to sustain its operations. The temple declined to lend more money when approached again by the government. The government retaliated by imposing restrictions on the temple during peak income seasons. 💰 China's local governments are facing a severe financial crisis, resulting in downsizing civil servants and salary cuts. 05:14 Financial crises in local governments across China due to the implementation of the zero covet policy Struggling local governments drowning in debt and cutting salaries for civil servants Cumulative result of China's distorted economic growth and long-standing structural economic problems 💰 Local governments in China are facing financial difficulties due to decreased revenue, increased expenditures, and mounting debts. 09:52 Revenue from land sales fell by nearly a third in 2022 compared to the previous year. Debt ratios of various provinces in China have been on the rise, with some surpassing 400 percent. Major state-owned banks are offering ultra-long-term loans to local government financing vehicles to help salvage the situation. 🔍 The Tianjin Public Transportation Group in China has reportedly not been paying salaries and employee insurance since June 2022. 14:09 The Da Bei Temple in Tianjin has been targeted by the government in an 'Environmental Order Special Rectification' campaign, leading to its closure during peak income seasons. A driver employed by the Tianjin Public Transportation Group revealed on social media that the group has not been paying salaries and employee insurance since June 2022. The Tianjin Public Transportation Group is a state-owned enterprise with numerous subsidiaries, employing 18,700 people and operating 548 routes with a fleet of 6,541 vehicles. 💰 Local governments in China are facing a severe financial crisis due to insufficient revenue and increased expenditure. 15:25 A certain southwestern province in China may have to downsize its civil servants by 20% to cope with the financial crisis. Local governments in China are experiencing financial difficulties due to the implementation of the 'zero-COVID' policy and the impact of the pandemic. The land-based fiscal model, heavily relying on 'land sales revenue,' is no longer sustainable as real estate companies default on their debts. 💰 China's local government debt is estimated to be as high as 94 trillion yuan, prompting the State Council to dispatch working groups to reduce debt and address financial stability risks. 16:13 China's local government debt is estimated to be as high as 94 trillion yuan. China's State Council has dispatched working groups to financially struggling provinces to reduce debt and report directly to Premier Li Qiang. China spent at least 352 billion yuan on COVID-19 prevention and control in 2022, further straining local finances. 🏠 China eliminates home purchase loan restrictions, but experts warn of increased mortgage burden. 17:10 Lowering entry barrier and cost for homebuyers may increase monthly mortgage burden. Consumers have limited funds and uncertainty about the economy, making them hesitant to purchase homes. CCP's policies have not resolved the contradiction between autocratic political system and free market economy.
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  2221. 💔 The streets of Hong Kong are now devoid of iconic signboards, marking the end of an era of prosperity and a decline in import and export trade. 00:43 The total export value of goods in Hong Kong decreased by 5.3% in September, falling short of expectations. The value of imports in Hong Kong decreased by 0.4% in September, resulting in a tangible trade deficit. Hong Kong's total export and import volumes of goods decreased by 15.6% and 12.9% respectively comparing the first 9 months of 2023 with the same period in 2022. 💰 Hong Kong's financial centre is suffering from a decrease in IPOs and funds due to doubts about its future under Beijing's governance system. 04:28 Recent policies in Hong Kong raise concerns about moving towards a one country one system framework. The US Federal Retirement Thrift Investment Board is adjusting its benchmark index to exclude exposure to Hong Kong. Real estate prices in Hong Kong are plummeting, indicating a further depletion of funds in the market. 📉 Hong Kong's property market is experiencing a significant decline due to economic factors and a decrease in foreign investment. 08:34 Hong Kong's property market is expected to continue declining, with predictions of a 5% to 18% price drop. Goldman Sachs forecasts a 20% plummet in Hong Kong's real estate market in the coming years. Hong Kong's government is facing a record high fiscal deficit, with efforts to attract foreign investment yielding little success. 📉 The attractiveness of Hong Kong's investment immigration status to wealthy individuals from mainland China is likely to diminish significantly. 12:22 Between 2003 and 2015, about 90% of approved applications for Hong Kong's investment immigration were from Chinese nationals with foreign permanent resident status. Hong Kong's happiness index ranking has fallen to 82nd, significantly behind its major competitor Singapore and lower than mainland China, Taiwan, Thailand, Vietnam, and the Philippines. Since 2012, Hong Kong's happiness index consistently ranked lowest among the four Asian tigers, with high property prices being a major contributing factor. 📉 Hong Kong's status as an International Financial Center is diminishing, but it still serves as an outlet for domestic Capital flight due to the needs of CCP Elites and the bureaucratic system. 16:40 Since 2003, Singapore's per capita GDP has surpassed Hong Kong, leaving Hong Kong trailing. Hong Kong's function as an outlet for domestic Capital flight will likely be retained for a considerable period. The wealth flowing from mainland China to Hong Kong has increased by at least 3 to four times this year.
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  2222. 🍽 The video shows the stark contrast between the lavish meals at the Asian Games and the prepackaged meals given to children. 00:00 The left side of the screen shows fake fireworks while the right side shows the real scene. The high-quality dining at the Asian Games is contrasted with the prepackaged meals for children. The media village at the Asian Games offers a variety of delicious food options. 📊 Hanjo's investment in urban infrastructure for the Asian Games is double the amount spent on the previous games, but the expected revenue may not cover the expenditure. 03:04 Hanjo invested at least 200 billion yen in urban infrastructure between 2016 and 2020 for the Asian Games. The expected sponsorship revenue for the Hanjo Asian Games is 60 billion yen, with a total income of 100 billion yen, but this is significantly less than the expenditure. The decision to host the Asian Games has faced intense domestic criticism, with concerns over the high budget and public opposition. 🚇 Residents in H joreportedly ordered to stay home during the Asian Games, leading to empty subway carriages and a confrontational stance against citizens. 05:52 Residents in H joreportedly ordered to stay home during the Asian Games. Two tourists were the only passengers in a subway carriage due to residents being ordered to stay home. The Asian Games prohibited ordinary citizens from attending, leading to a confrontational stance against citizens. 🏟 The CCP allegedly arranged for fake spectators and staged cheerleading squads at the 2018 Asian Games in order to save face and prevent ordinary citizens from attending. 08:30 Chinese netizens revealed that the government arranged for fake spectators to prevent ordinary citizens from attending the Asian Games. Some spectators noticed that the North Korean cheerleaders at the football match appeared to be Chinese and not North Korean. Foreign dignitaries were scarce at the event, with the CCP sending a special aircraft to bring the Syrian president. 🏅 Indonesia ranks fourth in the medal tally at the 2018 Asian Games, while Central Asian nations like Kazakhstan and Uzbekistan remain strong in the Asian sports arena. 11:10 Indonesia secured 98 medals during the 2018 Asian Games, ranking fourth in the medal tally. Central Asian nations like Kazakhstan and Uzbekistan performed well in the Asian Games, ranking fifth and ninth respectively on the medal table. President Biden's recent meetings with the leaders of Central Asian nations during the UN General Assembly could lead them to maintain a careful distance from China.
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  2223. ⚠ The Three Gorges Dam in China has 80 cracks, raising concerns about its structural integrity and safety measures. 00:13 80 cracks discovered in the dam during a routine inspection Cracks evolving over time, raising concerns about instability and potential hazards Emergency measures taken to address the cracks, including grouting, artificial rockfilling, and rubber padding 🚧 A journalist gains access to report on the Three Gorges Dam construction, revealing quality issues and facing repercussions. 03:43 Journalist gains access to report on dam construction and reveals quality issues. Repercussions faced by the journalist for reporting on the dam's quality issue. Rumor suggests economic downturn in China may be linked to the dam's quality issue. 🏗 The video discusses the nature and severity of cracks in the Three Gorges Dam, highlighting the challenges and complexities of large-scale engineering projects. 07:15 Contradictory information about the depth and nature of the cracks has led to confusion Chief engineer believes that cracks in large dams are unavoidable, highlighting the challenges in dam construction The Three Gorges Dam has been scrutinized for structural cracks, attributed to geological and structural concerns 🌊 The construction of the Three Gorges Dam faced quality issues and rushed construction schedule. 10:45 Complex temperature issues due to the large size and height of the dam led to cracking during concrete casting. Quality inspection reports were toned down to avoid criticism, indicating average quality of the dam construction. Concerns raised about the flood storage capacity of the Three Gorges Reservoir. ⚠ The Three Gorges Dam faces significant safety risks and controversies due to construction issues and alleged negligence. 14:19 The dam's stability is at risk due to leakages, uplift pressure, and construction flaws. Construction issues include overestimation of foundational conditions, use of subpar materials, and alleged corruption. The dam did not undergo acceptance checks, and there were accusations of negligence and dishonesty in the construction process.
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  2227. 🍽 The video exposes the truth behind budget-friendly buffet restaurants in China, revealing the use of cheap and expired drinks, as well as deceptive advertising for seafood. 00:19 Budget-friendly buffet restaurants in China use cheap and expired drinks to cut costs. Some restaurants deceive customers with unlimited top-tier seafood that turns out to be a gimmick. To save money, businesses use cheaper frozen or dead king crab products instead of fresh ones. 🍽 The video exposes the use of low-quality and unregulated meats at coastal buffets, raising concerns about food safety and quality. 02:37 Coastal buffets use older frozen seafood and mixed meats to reduce costs, potentially compromising on quality. Some buffets source grilled meats from unregulated workshops at shockingly low prices, risking the use of meats not approved for consumption. A market survey found that the unlimited lamb hot pot deal offers low-quality meat at a very low price, raising concerns about food safety. ⚠ The video highlights the questionable practices and risks associated with buffet restaurants, including the use of cheap and unsafe ingredients, adulteration of alcoholic beverages, and unhygienic food preparation. 05:22 Buffets often use inexpensive and potentially unsafe vegetables and fruits from wholesale markets. Alcoholic beverages in buffets are commonly adulterated with cheap ingredients, posing health risks to customers. Buffet restaurants may resort to using unhygienic and unsafe practices, such as using gutter oil and low-quality meat. 🍽 The reality of the buffet restaurant was far from the advertised promises, with limited and low-quality food, and potential health concerns. 07:45 Buffet experience did not match the advertisements Limited and low-quality food, with potential health concerns Some buffets may use unknown substances to create false sensation of fullness 🇨🇳 Counterfeiting in China has reached an unprecedented global peak, with the government's campaigns against it being ineffective. 10:15 Counterfeiting is rampant in China, including fake products, currency, and even false evidence in courts. The Chinese government's annual campaigns against counterfeiting seem to be for show, and some believe they tolerate counterfeiting for economic growth. Analysts suggest that the moral degradation caused by years of rule under the Chinese Communist party may be contributing to the issue of counterfeit goods.
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  2229. "Boe Technology Group Faces Setbacks After Being Rejected by Apple and Removed from Samsung's LCD Supply Chain, Accused of Patent Infringement and Facing Challenges in the OLED Market as Chinese Manufacturers Increase Global LED Market Share" 💥 Boe Technology Group faces setbacks after being rejected by Apple and removed from Samsung's supply chain. 00:07 Boe was rejected by Apple for the use of its OED panels for the iPhone 15. 00:07 Samsung Electronics has removed Boe from its supply chain for LCD panels. 00:23 Boe's market for low-end LCD panels is at risk of shrinking. 00:40 Samsung is a significant client for Boe, but disputes over patent rights persist. 00:56 Samsung's device experience division removed Boe from its supply chain for television and monitor panels. 01:33 Boe's market share for LCD panels has declined significantly. 02:19 The decision to cut ties with Boe is related to competition in the OLED sector and ongoing legal disputes. 02:52 📺 Samsung accuses Boe of patent infringement and requests damages and injunction from the court. 04:17 Samsung accuses Boe of infringing on Samsung's patent used in mobile device display. 04:17 Samsung requests damages and injunction from the court for patent infringement by Boe regarding OLED display technology. 04:26 Samsung targets Boe in a patent dispute for the first time. 04:50 Samsung learns about counterfeit OLED panels produced by Chinese companies and used by US smartphone repair shops to replace Samsung screens in iPhones. 05:05 Samsung demands licensing fees from Boe for supplying LCD panels. 05:29 Samsung reduces purchases of LCD panels from Boe and aims to eliminate Boe from the supply chain. 06:11 Boe's rise is attributed to technology theft from Korean companies and massive government subsidies. 06:41 📺 Chinese display manufacturer Boe aggressively expands in the LCD panel market, but faces challenges as clients cut orders and OLED panels become the standard for high-end devices. 09:20 Boe obtained almost 300 billion yen (about 42 billion USD) through financing and government subsidies. 09:20 Chinese panel manufacturers seized a large part of the LCD display market from Japanese and Korean companies. 09:33 Boe is currently the world's largest LCD panel manufacturer with a market share of 32.8%. 10:28 Boe is facing exclusion from Samsung's supply chain and order cuts from clients like Dell and HP. 10:50 LCD panels are gradually being abandoned due to issues like color loss and low contrast, while OLED panels become the standard for high-end display devices. 11:20 Boe aggressively enters the OLED display market dominated by Samsung. 12:03 Boe's acquisition of OLED technology from Samsung was speculated to be guided by the Chinese government. 12:43 📱 Boe, a Chinese OLED screen manufacturer, faces challenges and opportunities in the Apple supply chain. 13:16 Boe's cooperation with the Chinese government and technology theft incident involving Samsung. 13:16 Boe's growth as China's leading domestic OLED screen manufacturer. 14:55 Boe entering Apple's supply chain in 2020. 15:24 Cancellation of a major order by Apple due to unauthorized modifications by Boe. 15:40 Boe's financial performance decline in 2022. 15:57 Boe securing most of the display orders for the new iPhone 15. 16:29 Boe facing light leakage issues and Samsung filling the gap in OLED screen production. 16:45 📱 Chinese smartphone manufacturers are increasing their market share in the global LED market, surpassing Samsung for the first time. 17:33 Chinese companies' market share in the small and medium-sized LED market rose rapidly from 1.5% in 2017 to 20% last year. 17:33 Chinese smartphone manufacturers like Huawei, Xiaomi, and Oppo are choosing domestic screens for their mid to high-end models, surpassing Samsung in market share. 17:47 Samsung Display maintained its first place in the industry but its market share has been below 50% for four consecutive quarters. 18:09 Boe, a Chinese OLED manufacturer, saw its third quarter flexible OLED shipment share increase by 20% compared to the same period last year. 18:24 Chinese OLED screens have been reported to have quality defects such as high heat and brightness, leading to higher energy consumption and questioned battery life. 18:33 Samsung's OLED yield rate is 90% while Boe's is only 70-80%, and Samsung also has an advantage in the production of OLED organic materials. 18:51 Despite challenges, Boe backed by the Chinese government poses a significant threat to the global panel industry. 19:27
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  2230. 🌍 The Belt and Road Initiative (BRI) faces criticism internationally as participating nations struggle with debt crises, but China is still promoting the project as a successful outcome. 00:32 Criticism towards the BRI has been escalating internationally, with many participating nations facing debt crises. China's Foreign Affairs Ministry announced the hosting of the third BRI Summit in Beijing in October, aiming to publicize the initiative's successful outcomes. The BRI is frequently criticized by Western countries for enticing impoverished nations into a debt trap, expanding China's global influence. 💰 The Belt and Road Initiative is trapping economically fragile developing nations in a cycle of debt, allowing China to gain control over their infrastructure. 03:43 Debtor nations unable to repay their loans are forced to give China control over their ports, airports, dams, and communication networks. Sri Lanka and Djibouti are examples of countries that have fallen into this debt trap and had to hand over their ports to Chinese state-owned enterprises. China's plan to invest in a deep water port project in Myanmar was aimed at further expanding its control over strategic locations. 🌐 Italy hints at withdrawal from China's Belt and Road Initiative (BRI) during discussions with Chinese officials. 06:40 Italian Deputy Prime Minister hinted at necessary exit from BRI during discussions in China. Italian Prime Minister stated that a final decision regarding withdrawal from BRI had not yet been made. Italian media reports that Prime Minister informed Chinese Premier about plans to exit BRI. 🌍 China becomes the world's largest creditor as the US global share of creditor rights decreases, while loans offered by China to African nations decline significantly. 09:52 China's creditor rights increase to 30% while the US decreases to 2% between 2016 and 2021. China's loans to African nations decline by 75% before the pandemic. The Chinese government may no longer have the ability to help nations struggling to repay debts. 🌍 India, the Middle East, and European countries are collaborating to challenge China's Belt and Road Initiative and diversify supply chains. 13:13 India has deep mistrust and opposition towards China's Belt and Road Initiative. The project was conceived during confidential meetings between India, the UAE, and the US. The United States is ardently backing India and aims to complement India's rise.
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  2231. 🔍 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.
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  2235. 😢 Chinese delivery riders face low subsidies and labor exploitation, contributing to high youth unemployment. 00:00 A Meituan delivery rider in Hangzhou received a subsidy of one yuan after covering a distance of 10 kilometers. Chinese youth unemployment reached an unprecedented 21.3% in June, leading many university graduates to join the food delivery industry. A lecturer documented his experience as a delivery rider, delivering 2000 orders in a month and earning just over 7000 yuan, describing it as exploitative and laborious. 🚴 Delivery riders in China face fines and wage deductions, while international courier industry has a more balanced approach to complaints. 04:21 Delivery riders in China can be fined 500 yuan for a complaint about their attitude from a customer. Late deliveries in China can result in a minimum deduction of 40% from the delivery fees. In the international courier industry, both customers and delivery riders have a relatively equal standing in complaints, with consequences such as banning customers from ordering for a year and allowing both parties to present disputes. 😔 The food delivery industry in China is overcrowded with unemployed workers, entrepreneurs, and graduates unable to find jobs, leading to a sharp decrease in orders and income for each rider. 08:32 Many highly qualified individuals, including those with Ph.D. degrees from Tsinghua University, are now working in the food delivery sector. The influx of people into the food delivery sector has caused a decrease in orders and income for each rider. The food delivery industry is perceived as a fallback occupation due to its low entry barriers. 😔 Highly educated individuals struggling to find suitable jobs in China's competitive job market. 12:12 Many highly educated individuals, including college graduates and middle-aged professionals, are joining the delivery workforce due to a lack of job opportunities. Experienced professionals with advanced degrees are facing age discrimination in the job market, making it difficult for them to find employment. Finding a job has become increasingly challenging, with a low response rate to job applications and limited interview opportunities. 😔 The food delivery industry in China is facing numerous crises, with low earnings and unresolved issues regarding the rights and interests of delivery riders. 15:57 The average monthly income of food delivery riders in China has decreased by more than half compared to last year, forcing them to complete over 30 orders daily to make ends meet. In remote or quiet areas, the order volume is even lower, resulting in even lower earnings for delivery riders. The food delivery industry, which was once a lifeline for the unemployed and low-income groups, has now become a trap for them, plunging them into deeper difficulties. The rights and interests of tens of millions of food delivery riders in China remain unresolved, with cases of severe accidents and injuries during deliveries.
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  2247. "Wealthy Chinese Individuals Desperately Fleeing $50 Billion/Month from China to Avoid CCP's Financial Control and Tax Investigations, Resorting to Gold, Foreign Currencies, and Overseas Real Estate" 💰 Chinese wealthy are moving assets out of the country by purchasing gold bars, foreign currencies, and overseas real estate to avoid CCP's financial control. 00:00 Customs discovered 1 million yuan in cash in a passenger's luggage at Shenyang Taoxian International Airport. 00:00 Driver caught hiding two gold bars in his shoes at Guangdong Zhuhai Airport, Gongbei Customs. 00:16 Chinese wealthy are rapidly moving assets out of the Chinese financial market by purchasing gold bars, insurance policies, and luxury apartments overseas. 00:36 About 50 billion dollars are flowing out of China each month on average, primarily from Chinese households and private businesses. 01:02 Chinese are buying small gold bars and stuffing them into their carry-on luggage to circumvent the Chinese government's strict control over transferring funds overseas. 01:15 Chinese buyers are the main purchasers of Tokyo apartments priced over 3 million dollars, often paying with cash carried in suitcases. 01:31 Chinese wealthy are opening bank accounts in Hong Kong and purchasing insurance products denominated in U.S. dollars for overseas asset allocation. 02:11 💰 The Chinese government is targeting the wealthy through tax investigations and extortionate methods due to economic downturns and financial pressures. 03:12 Chinese citizens paid 21.3% more for new insurance policies compared to 2019, indicating unease about the post-pandemic recovery and economic direction under Xi Jinping's rule. 03:12 Foreign capital is massively withdrawing from China, leading the CCP to target the country's wealthy class. 03:56 China is asking banks to scrutinize the assets of the wealthy, and those with assets over 30 million yuan are being asked to surrender 20% of their wealth or face comprehensive tax investigations. 04:10 Local CCP governments are extorting the wealthy through tax investigations due to economic downturns and financial pressures. 05:02 The wealthy are defined as businesspeople and those successful in various fields, and they often become aware of the CCP's brutality, official corruption, and societal darkness. 05:27 The CCP targets the wealthy for not aligning with the party and for having money that can be extracted, and they are also targeting those with democratic ideas. 05:48 The CCP is putting the wealthy at great risk through blatant robbery and extortionate methods. 06:15 💰 The video discusses the capital flight and desperation of wealthy individuals in China under the CCP's control. 06:29 Meng Jun advises the wealthy to urgently sell off assets and leave the country 06:29 Many wealthy individuals are transferring their assets out of China, particularly to the US and Canada 07:05 Over ten thousand wealthy individuals emigrated from China in 2022, surpassing Russia in net outflow 07:57 Capital outflows reached $49 billion in August and a net outflow of $53.9 billion in September, the largest since December 2015 08:27 Chinese investment strategy expert advises people to 'run' due to lack of confidence in CCP leader Xi Jinping 08:46 Challenges in getting money out of China, with speculation about money laundering to transfer funds 09:07 Discussion about potential methods of getting money out of China, including by water and land routes 09:20 💰 The video discusses the strict capital control measures implemented by the CCP in China, and the methods used by wealthy Chinese individuals to circumvent these restrictions. 09:46 CCP has implemented strict control measures to prevent capital outflow from China, including limiting individual annual foreign exchange purchase quota to $50,000 per person. 09:46 Chinese residents are prohibited from opening new offshore trading accounts with local brokerages, and new investments by existing customers are under strict surveillance. 10:25 Underground money houses have flourished but have been repeatedly suppressed by the authorities in mainland China. 10:58 Chinese regulatory authorities have closed almost all gambling channels to Macau, impacting wealthy Chinese individuals' ability to transfer money overseas through gambling trips. 11:22 Wealthy Chinese families and businesses find means to transfer funds abroad, including methods like 'ant moving house' and 'knocking' by underground money houses. 11:51 Singapore has become the preferred destination for wealthy Chinese emigrants, with a significant increase in the number of Chinese-funded enterprises registered in the country. 12:33 High-ranking executives from Alibaba have settled in Singapore, and the country is seen as a haven for wealthy Chinese individuals. 12:43 📉 The video discusses the economic challenges faced by China, including money laundering, emigration, and potential recession. 13:13 Elite companies and wealthy individuals easily move large sums of money out of China through unconventional means. 13:13 Some Chinese individuals take illegal routes to emigrate to the U.S. due to their dissatisfaction with the CCP. 14:03 China is facing potential economic recession, deflation, and increasing domestic economic pressures. 14:20 Outside first-tier cities, China's economic situation looks worse with declining foreign investment and lowered growth forecasts. 14:31 Experts predict that China's economy may experience negative growth or a severe economic crisis in the future. 15:01 A senior fellow at the Hudson Institute believes that China's economic development has reached its limits. 15:18 The idea of China overtaking the U.S. economically is deemed to be over by experts due to the current economic situation. 15:41
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  2251. 💥 A series of construction disasters, known as tofu drag projects, have been occurring in China, resulting in deaths and injuries. 00:13 On September 13th, a crane collapse happened during the elevation process at the Jinen Ren Expressway Bridge Project, causing six deaths and five injuries. Multiple layers of subcontracting and cost reduction in construction projects are believed to be the cause of these disasters. In July 2023, a 32-story building in Shinau Hunan experienced a massive exterior wall collapse, injuring pedestrians and damaging vehicles. 💔 The collapse of a school gymnasium roof in China resulted in 11 deaths, sparking outrage among citizens and criticism of the government's response. 02:45 Local government's inadequate response ignited widespread outrage. Construction company's negligence in storing expanded perite on the roof led to the collapse. Parents expressed dissatisfaction with authorities and hospital for lack of communication. 🏢 China witnessed a significant land erosion incident in a residential community, causing buildings to lean and collapse. 05:41 Land erosion incident in China's Phoenix court community caused buildings to lean and collapse. Authorities attributed the ground subsidence to a sudden geological disaster possibly related to shallow soil erosion. The daily economic news removed all reports related to the incident at the Country Garden property. ⚠ Country Gardens construction site in China is compromising construction quality and safety standards by working in heavy rain and rushing to meet deadlines. 08:11 Construction in China is often rushed to meet deadlines and cut expenses, leading to compromised safety and quality. Country Gardens construction site disregards construction norms and works in heavy rain, compromising concrete strength. In 2008, the Sichuan earthquake revealed the dangers of rushed construction as many buildings, including schools, were damaged or collapsed. 🏢 China's hasty construction projects and infrastructure loans raise safety concerns and magnify earthquake damage. 10:22 Nearly 70,000 victims were reported, with 20,000 students perishing in collapsed school buildings. China's hasty construction projects cannot withstand earthquakes, making their structures inherently flawed. China's infrastructure loans amounted to the sum of all other government loans combined.
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  2252. 📦 Chinese companies are using deceptive transshipment practices to evade US tariffs. 00:06 Chinese exporters process their goods in China and then ship them to a country with lower tariff rates to avoid tariffs. European and American customers are primarily concerned with whether factories are located inside or outside China. Chairman Mike Gallaher requested a thorough investigation into the trade fraud practices of Chinese companies trying to evade US tariffs. 🌍 Chinese solar panel suppliers are avoiding anti-dumping tariffs by processing their products in Southeast Asian countries before shipping them to the US. 03:47 Major Chinese solar panel suppliers, including BYD Artis Solar, Trina Solar, and Venus Solar, have been found to be avoiding existing anti-dumping tariffs by processing their products in Cambodia, Malaysia, Thailand, or Vietnam. New East Solar will face tariffs as the company refused to cooperate with an on-site audit of its operations in Cambodia. US solar panel exports in the first quarter of 2023 increased significantly, with Vietnam accounting for the largest share followed by Thailand, Malaysia, and Cambodia. 💡 Numerical models can effectively predict potential business fraud among Chinese companies, suggesting the need for enhanced transparency in the international supply chain. 08:00 The top 20% of companies with the highest risk scores comprise 71% of firms with actual violations discovered by the Chinese government in 2013. The combination of sensory devices and blockchain technology can create a reliable digital transaction record at every step of the supply chain. Obtaining accurate and timely information on physical supply chain transactions is challenging, especially in the case of Chinese enterprises under Communist Party rule where fraudulent activities are widespread.
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  2254. 💼 Several major financial institutions, including Vanguard Group and BlackRock, have withdrawn from the Chinese market. 00:00 Several other financial institutions have also exited the Chinese market. BlackRock closed its China flexible wealth fund. Vanguard Group, America's largest fund management company, has officially exited the Chinese market. 💼 Canadian pension funds are withdrawing from China due to the negative impact of China's COVID-19 policies on the economy. 03:33 The fund's net assets amount to 570 billion Canadian dollars with a 10-year nominal net return rate of 10%. The United States accounts for the largest share of the fund's investment at 36%, followed by Asia Pacific at 26%. Other Canadian pension funds, including the Ontario teachers Pension Plan and cdpq, have also withdrawn from China. 📉 Experts believe that China's current economic situation meets several signs of an imminent financial crisis, which may worsen due to temporary suppression of information and administrative intervention. 07:48 The US-China trade war triggered systemic financial risks in China. The three-year pandemic and collective default of real estate developers unveiled systemic financial risks in China. The Federal Reserve's consecutive interest hikes and the bursting of the real estate bubble further worsened the financial situation in China. 🚫 Foreign businesses are becoming increasingly apprehensive about operating in China due to strict regulations and safety concerns. 11:15 Foreign businesses are considering leaving China quickly due to commercial and personal safety concerns. Chinese authorities barred a chairman of an investment banking company from leaving mainland China, confirming industry concerns. The introduction of China's anti-espionage law has led to sell-offs of mainland Chinese stocks by foreign institutions and accelerated their withdrawal from the Hong Kong stock market. 📉 China's increasingly opaque practices in publishing corporate and economic data are driving investors away from the country. 14:36 China is turning into a black hole of investment information, with frequent restrictions on foreign businesses obtaining local economic data. Obtaining data in China has become more difficult, leading to a drastic reduction in research time on Chinese stocks for investment firms. Chinese officials have stopped publishing detailed financial data and real-time information on unemployment rates and mutual fund net asset values.
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  2255. "The Decline of Dongguan's Manufacturing Industry: Three Big Factories Close in 20 Days, Impact on Local Economy and Employment" 🏭 The decline of manufacturing industry in Dongguan, China. 00:00 Dongguan's manufacturing industry is undergoing a massive transformation, with many factories standing deserted and shut down. 00:00 The economic rise and fall of Dongguan is largely attributed to its heavy reliance on foreign trade and foreign investments. 00:38 Large contract factories like Foxconn and major electronic, shoe, and garment manufacturing plants have either relocated or shut down in Dongguan. 01:01 Recent closures of well-established factories in Dongguan due to plummeting orders, financial deficits, and operational losses. 02:02 The closures include Jung Shing electrical appliances, Shaming industrial, and Hbang metal and plastic products Co LTD. 02:10 These closures have led to unpaid employee wages and the decline of Dongguan's manufacturing industry. 03:02 Dongguan's once vibrant manufacturing hub is now facing economic decline and challenges. 03:43 📉 The video discusses the closure of three large factories in China and the challenges faced by small and foreign trade factories due to economic downturn and international conflicts. 03:58 Three large factories in China ceased production from October 31st to November 20th, 2023. 03:58 The closure indicates economic decoupling between China and Western countries, leading to distrust and challenges for small and foreign trade factories. 04:36 Business owners express concern about survival due to shrinking domestic market and worsening economic situation. 04:57 Factory workers are experiencing idled machines, lack of work, and reduced export orders, leading to potential closures. 05:46 The global economy has been significantly impacted, leading to closures primarily among low-end manufacturing. 06:44 💔 The decline of manufacturing factories in Dongwan and the impact on the local economy and employment. 07:06 Thousands of businesses in Dongwan shut down in 2022, with a wave of closures continuing into 2023. 07:06 Several long-established factories, including Alco Electronics and U Shoe Factory, announced closures due to losses and dwindling orders. 07:31 The chairman of Alco Group ended his own life after facing substantial losses. 09:19 U Shoe Factory, once a major player in the global shoe industry, gradually declined since 2012. 10:05 📉 The decline of manufacturing in Dongan, China, leading to factory closures and economic impact on surrounding industries. 10:47 Dongan's manufacturing industry has experienced a gradual decline, with many factories closing or relocating. 10:47 China's export numbers have decreased, particularly in processing trade, indicating a downward trend. 11:24 Industry insiders predict a significant number of factory closures in the near future. 11:41 Many factories are struggling to survive, leading to reduced workforce and early Chinese New Year holidays. 12:24 The closure of large factories has impacted surrounding service and retail industries, leading to closures and reduced business. 13:03 The departure of workers from the factories has severely impacted the catering and retail industries in Dongan. 13:10 The industrial decline has led to a quiet and struggling business environment in the area, with many storefronts closing down. 13:38 💔 The decline of Dongan's manufacturing industry and the reasons behind it. 14:22 Decline in orders due to US-China trade war and shifts in industrial chains in European and American countries 14:22 Withdrawal of foreign investment, especially Taiwanese businesses, due to geopolitical influences 14:45 Rising costs, including rent and wages, leading to higher production costs and reduced profits for factories 15:02 Market competition from manufacturing industries in Vietnam, Southeast Asia, and India intensifying pressure on Dongan's factories 15:25 Industrial upgrading policies in Guangdong Province leading to closure or relocation of some businesses unable to adapt 15:41 Gradual economic decoupling between Western countries and China as a significant irreversible trend 15:56 Dongan's transformation from a world-renowned manufacturing hub to a desolate area with dilapidated factories and empty streets 16:04
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  2256. 😔 The once-thriving Chapo Road wholesale market in Shanghai has now become a desolate and empty place, with many shuttered shops and remaining businesses struggling to make any sales. 00:00 Chapo Road wholesale market used to be bustling with crowds, but now sees many shuttered shops and remaining businesses experiencing days with zero sales. The impact of the pandemic on the physical economy is truly significant, with the market now much less crowded and many shops empty and abandoned. Half of the storefronts at Chapu Road wholesale Market are unexpectedly available for rent, indicating the market's decline in former glory. 🛍 The clothing retail industry in Kaai Chungam and nearby markets is struggling, leading to a significant decrease in customers and stagnant inventory. 03:15 Over 100 shops on the third floor of Lanfu Fashion City are now closed or turned into warehouses, with only a few still operating. The downturn in business at Chipu Road reflects the broader challenges faced by the entire brick and mortar clothing retail industry. The clothing wholesale market is at a standstill, with no business since November, leading to a lack of confidence in the market. 📉 The apparel industry experienced significant downturns and widespread store closures in 2023, leading to financial losses for major companies. 06:03 Apparel industry experienced significant downturns and highest number of brick and mortar store closures. PEBG Group Company Limited experienced a 21% drop in revenue and reported its first loss since going public. Peace Bird and Halen Home both faced rapid decline and significant store closures, indicating negative growth in the first quarter of 2023. 💼 The high-end clothing brand Jang G has declared bankruptcy as a result of declining sales and insufficient order volumes, leading to its parent company Rui Group facing a significant crisis. 09:40 Jang G's rapid collapse due to insufficient order volumes and unclear future plans from Rui Group Rui Group's significant decline in performance and financial crisis since 2018 Rui Group's current market value decline and total liabilities reaching 1.9 billion Yan $264 million 📉 The Chinese men's trousers industry is experiencing a significant decrease in revenue and profits, leading to a challenging market environment. 13:26 Operating revenue of leading companies in the industry decreased by 14% in 2022 Net loss attributed to shareholders of a listed company for the first time since its stock market listing Apparel and clothing sector in China is facing a decline in profits and an increase in debt
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  2259. Fake Fire Extinguishers & Hydrants, Life-Saving Equipment Has Become Mere Decoration in China: Counterfeit Products and Non-Functional Safety Measures Jeopardize Fire Safety in Residential Communities and Public Places 🔥 Counterfeit fire extinguishers pose a serious threat in China, with fake products being sold online and even impostors posing as firefighters to sell overpriced equipment. 00:00 Counterfeit fire extinguishers with fake pressure gauges and solid contents are being sold in China. 00:00 A video of a failed fire extinguisher during a drill highlights the issue of counterfeit products in China. 00:38 Counterfeit goods are prevalent in the Chinese market, including firefighting equipment. 01:10 Multiple incidents of fake fire extinguishers failing to work have been reported. 01:39 Impostors posing as firefighters sell overpriced fire extinguishers and equipment to businesses. 02:48 😱 Fire safety in China is severely compromised, with fake fire extinguishers and non-functional fire hydrants in residential buildings. 03:48 Firefighters had to rely on water from the fire truck and handheld extinguishers to put out a fire in a residential building in Shenzhen. 03:48 Residents revealed that fire hydrants in a large residential area had been dry for many years. 04:20 Faked fire extinguishers and non-functional fire hydrants are common in residential communities in China. 04:58 The responsibility for fire safety lies with property developers, management companies, and the local fire department. 05:09 Inspections for fire safety in residential buildings are often a mere formality, with bribes ensuring approval. 06:08 🔥 Fire safety measures in residential communities and public places are inadequate, with fake fire alarms and hidden cameras posing serious risks. 06:38 Lack of regular maintenance and damage to fire safety facilities in residential communities. 06:38 Older neighborhoods with messy wiring that can easily cause fires. 06:52 Chaotic management of older neighborhoods leading to parking congestion. 07:18 Inadequate fire safety measures in public places like hospitals, restaurants, and markets. 08:10 Fake fire alarms and hidden cameras disguised as smoke detectors in hotels and public places. 08:33 🔥 The fire at Changfeng Hospital was caused by low clearance of the overpass, lack of fire facilities, and sparks from welding during renovation works. 09:53 The low clearance of the hospital's overpass prevented fire trucks from entering. 09:53 The hospital lacked fire facilities that could provide water. 10:03 The fire was caused by sparks from welding igniting volatile substances in flammable paints during the hospital's renovation process. 10:16 Changfeng Hospital took no precautionary measures and continued to operate normally during renovation works. 10:33 Counterfeit safety helmets are being distributed to construction workers while supervisors wear authentic and high-quality helmets. 12:41
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  2262. 😱 Homeowners in Suzhou's Jinxiu Lanshan community are facing the devastating reality of living in toxic buildings due to contaminated soil. 00:12 The soil where their homes were built is contaminated with carcinogenic substances exceeding safe limits by 50 times. Those who bought homes but haven't moved in yet face significant financial losses due to unfinished construction or plummeting property values. Secondary market prices have dropped to as low as 5,000 yuan per square meter, an 86% decrease, following the revelation of the toxic land. 🚫 The Suzhou Green Coast project, once hailed as a million-square-meter urban complex, has become a ghost town due to a 'toxic soil' incident. 04:19 The 'toxic soil' incident has resulted in the suspension of sales for 2,800 residential units and the whole regional project becoming vacant. The area is marked with warning signs stating 'pollution risks' and the project appears overgrown and desolate. The incident was first brought to light by the British Reading School, and the project was initially positioned as high-end but now faces major issues. 🏢 Jiangsu Sugang Group responds to 'toxic land' incident involving pollution in coking area of Plot No. 4. 08:24 Pollution in coking area mainly concentrated in a part of Plot No. 4. Remediation conducted by Suzhou Green Coast to restore polluted area. Jiangsu Sugang Group provides explanations on disclosure, testing, Plot No. 2, and construction operations. 🏭 The video discusses a toxic soil incident in China involving the Lujiazui Group and the local government's practice of turning polluted land into treasure. 12:19 Lujiazui Group bought land using funds from their trust fund, which is due for payment this year but they are unable to pay. Lujiazui Group is trying to shift the blame and win a lawsuit against Suzhou Steel Group to get the money to pay back. The toxic soil incident reveals the complexity and extent of land pollution cases in China, as well as the local government's practice of converting polluted land into valuable assets. 🏢 Buying properties on toxic land in Suzhou poses a direct threat to life and has escalated to an international level. 16:05 The purchase of properties on toxic land in Suzhou is worse than buying unfinished buildings as it poses a potential threat to life. Both Susteel Group and Lujiazui colluded to cheat the common people and are now facing a massive claim for damages. The discovery of land pollution and carcinogens at an international school has escalated the issue to an international level, with Lujiazui seeking billions in compensation.
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  2274. 👴👧 Chinese youth are engaging in retrostyle consumption activities typically associated with the elderly, such as dining at affordable community cantens and joining sunset travel groups. 00:13 Young people are attending piano classes at elderly universities alongside older individuals. The affordability of these elderly piano classes is attracting young people. The classes now have a mix of both elderly and young participants. ! Young people working outside face immense pressure and economic burden, leaving little room for dreams and love. 02:34 A young woman faced harsh realities in her job postgraduation, including extended forced overtime and a mental breakdown. Many young people are unemployed and struggling to find work, adding to their life's pressures. The overwhelming economic burden and meager salaries have stripped young people of everything, leaving little room for dreams and love. ! The mall in Shanghai is almost empty, reflecting the tough times for physical stores due to the slumping economy. 05:02 The mall is almost empty, even during the typically busy time. Many shops in the mall are shut, and there are hardly any customers. The down Center on the second floor has suddenly closed, and there are few customers in the remaining shops. ! Aquatic product prices increase by 0.5% while lamb prices hit a low point due to reduced consumption and financial constraints. 07:56 Mutton prices are at their lowest in recent years due to decreased daily consumption and financial constraints. Core inflation in October slowed to a mere 0.6% year-on-year growth. 😔 Increasing discontent among the Chinese populace due to concerns about the sluggish economy and troubled real estate market during the zero covid policy period. 10:35 Widespread discontent with the Chinese Communist Party's zero covid policy led to protests across various regions in China. Chinese adults believe their society is filled with discontent and fatigue under Xi Jinping's prioritization of security, shifting focus more towards economic development. Domestic challenges in China and their consequences have led to a softening in attitudes towards the west, with a 9% decrease in the proportion of Chinese adults viewing the United States positively.
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  2277. Chinese Elderly Take a Stand: 80 Million Refuse to Pay Pensions, Prompted by Financial Struggles and Lack of Government Support 😔 Elderly vendors in China continue to work despite their age due to financial constraints and lack of government support. 00:18 The 79-year-old vendor relies on selling vegetables and his pension to make ends meet. 00:18 The elderly man pays his medical bills out of pocket and recently spent thousands of yuan on treatment. 00:32 The aging population in China is rapidly increasing, leading to issues surrounding aged care. 01:19 The one-child policy in China has led to a burden on the middle-aged generation who have to support both sets of parents. 02:00 Many people born in the 80s and 90s are constantly at the hospital accompanying their parents and children. 02:23 💰 China is facing a retirement wave as the post-1960s generation retires, leading to inadequate pension funds and wealth disparities. 02:51 China will face its largest-ever retirement wave in the next decade, with the post-1960s generation retiring at an average rate of 20 million people per year. 02:51 The shrinking employed population and growing elderly population in China lead to inadequate pension funds. 03:23 Around 38 million people in China have suspended their pension insurance, and 43 million have completely withdrawn. 03:38 The situation poses risks to social stability, exacerbates wealth disparities, and reflects public dissatisfaction with government public services and social investments. 04:01 Many people lack optimism about future economic prospects and prefer to focus on their present living conditions. 04:56 📊 The pension system in China has significant disparities between government employees, enterprise workers, and rural residents, with government retirees receiving much higher pensions. 06:17 In Yingtan, the average monthly pension for government employees is 5,080 yuan, while enterprise retirees receive 2,368 yuan, and rural retirees receive only 207 yuan. 06:17 Similar disparities exist in Changchun, where government and public institution pensions are 1.8 times higher than those of enterprise employees and 41 times higher than rural residents. 07:12 The average monthly pension for urban retirees in China is 3,326 yuan, while rural retirees receive only 179 yuan. 07:52 There are approximately 130 million rural elderly people aged over 60 in China, and their pensions are significantly lower than their urban counterparts. 08:05 The CCP's pension system lacks adequate support for the rapidly aging migrant worker population. 09:26 😔 Migrant workers in China face inadequate retirement benefits and lack of pension support, leading to delayed retirement age and hindrance to young labor. 09:35 Rural hukou prevents migrant workers from enjoying better retirement benefits available to urban salaried workers. 09:35 Inadequate social security payments for migrant workers, averaging between 100 yuan and 200 yuan per month. 09:47 China's pension system has a problem of not being able to cover expenditures, with 70% of provinces outliving their pension funds. 10:17 Reduction in medical benefits for the elderly, affecting over 300 million urban residents. 11:01 Protests by retirees demanding the roll back of measures to reduce health benefits in Wuhan, Dalian, and Guangzhou. 12:13 😔 Retired workers in China are protesting against a reduction in their medical insurance benefits, which they argue is a breach of contract and leaves them unable to afford necessary healthcare. 12:52 The medical insurance amount for retired workers in China was cut from 320 renminbi to 160 renminbi, causing widespread dissatisfaction. 12:52 Retirees argue that the reduction in medical insurance benefits is not only illegal but also a breach of contract. 13:31 Many elderly people rely on this small amount of money for healthcare expenses, but the new policy is insufficient to cover even basic needs. 13:49 There is widespread dissatisfaction among the Chinese public due to inadequate medical insurance benefits, and protests are unlikely to settle down easily. 14:33 China's aging population is increasing, with estimates suggesting that by 2035, the elderly population will exceed 400 million, constituting over 30% of the total population. 15:24 📉 China's pension funds may be depleted by 2035, exacerbating the youth unemployment crisis. 16:34 China's pension funds might be depleted by 2035, according to a report. 16:34 China's government is encouraging older workers to re-enter the workforce to bridge the pension gap. 17:21 Promoting employment among the elderly may worsen youth unemployment in China. 17:38 Chinese youth unemployment rate exceeds 21%, much higher than the OECD average. 17:57 As youth unemployment rises and wage-earning individuals decrease, contributions to the pension fund will diminish.
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  2278. 🇨🇳 China accused of eavesdropping on EU leaders during EU China Summit, causing rift in relations. 00:05 Charles Michel cut his Beijing trip short due to alleged monitoring of EU leaders' communications by the Chinese Communist party. Eavesdropping allegations surfaced just before the summit, leading to a denial from the Chinese government. Professor interprets Michel's early departure as a strong signal of the EU's stance. 🕵‍♂ China's significant investment in internet eavesdropping and surveillance, including using fake mobile base station signals and infiltrating cloud servers, raises concerns about potential intelligence gathering and access to sensitive data. 04:10 China's use of liar technology in various industries and its classification as a strategic emerging industry Growing concerns in the US about Chinese liar companies potentially accessing sensitive data, including military systems data Calls for a review of Chinese liar companies and consideration of adding them to the sanctions list by the US House of Representatives 👁‍🗨 The surveillance system in China, utilizing facial recognition and AI, was hacked, exposing the personal information of millions of individuals, including foreigners. 07:26 Surveillance system in China monitors both citizens and foreigners using facial recognition and AI. Hacker attack in 2020 exposed over 1 million surveillance records, including personal information of over 5,000 foreigners in Shanghai. Personal information of influential Australians and senior executives from various companies was stored in the hacked database.
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  2280. Deceptive Practices in China: Dyed Livestock and Food Items Leading to Harmful Effects on Health and Market Value 🐄 Deception in livestock and food industry: dyed cows, pork, fish, and chili peppers in China. 00:01 Livestock farmer discovers dyed black and white calves turning red and white. 00:01 Incidents of dyed cattle reported in China, with court cases and mediation. 00:15 History of fraudulent practices including dyed cows, pigs, and dairy cows. 02:49 Bloggers creating educational content to help people spot dyed cattle. 03:44 Tips for identifying dyed cattle and other dyed pets. 04:04 🐟 Deceptive practices in China involve dyeing animals and food items, leading to harmful effects on their health and market value. 04:38 Dyed animals and food items suffer health issues and premature death. 04:38 Various methods of dyeing animals and food items are used, with dye injection being the most harmful. 05:30 Dyed animals, such as chicks and turtles, are often sold as pets and suffer from pre-existing issues and health problems. 06:22 Dyeing of pets, including fish, parrots, and small dogs, leads to toxicity and discomfort. 07:34 Dyeing of meat, seafood, and vegetables is also common in China to enhance their appearance and market value. 08:08 Dyeing of fish, such as yellow cokers, involves the use of harmful substances to make them appear fresher and more attractive. 08:36 The use of harmful dyes in food items is confirmed through inspections and testing. 09:03 🎨 Deceptive practices in food production and processing in China involve dyeing various food products to enhance their appearance and market value. 09:17 Alarming use of industrial dye in food production 09:17 Health risks associated with excessive ingestion of dyed substances 09:23 Prohibition of non-edible substances in food 09:32 Reports of deceptive dyeing of fish for higher profits 09:38 Artificial coloring of farm-raised salmon to mimic wild salmon 09:57 Use of artificial dyes in various types of fish and meat products 12:01 Discovery of illegal meat processing facility using red dye on pork 12:46 🚫 Food fraud and safety issues in China revealed through counterfeit meat, chili peppers, and noodles. 13:57 Carmine not allowed in meat products, questionable fire safety measures, and unsanitary cold storage room. 13:57 Lack of business license, unregulated production environment, and questionable sourcing of goods. 14:49 Corruption of moral values leading to illicit food operations and widespread counterfeit food products. 16:09 Major case of counterfeit beef distribution involving multiple stores and cross-regional network. 17:05 Discovery of counterfeit chili noodles production using corn husk and industrial dye. 18:02 🚫 Food contamination scandal in China involving Sudan 4 dye, highlighting ethical concerns and CCP's role in undermining societal values. 18:25 Sudan 4 dye used in food products 18:25 Red hot duck egg incident in 2006 19:00 Discovery of Sudan 4 in duck eggs 19:51 Nationwide uproar and public awareness 20:19 Resurgence of Sudan 4 in food items 20:39 CCP's role in undermining moral standards 20:58 Challenges in upholding integrity 21:25
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  2281. 📉 Hong Kong's economy faces decline due to political events, pandemic, and emigration, leading to deserted streets and closed businesses. 00:00 Hong Kong's economy declined due to political events and pandemic lockdowns Emigration of elite class resulted in billions of Hong Kong dollars leaving the city Downtown streets are deserted, with closed and empty shops, reflecting the significant economic decline 💔 Hong Kong's economy suffers as CCP's influence grows, leading to record-high bankruptcy filings and stagnant stock market. Chief Executives align with Beijing's directives. 03:58 Record-high bankruptcy filings and stagnant stock market in Hong Kong CCP's influence leading to economic downturn in Hong Kong Chief Executives aligning with Beijing's directives 🌏 Taiwan rejects CCP's pressure on economic cooperation, deepens international relationships, and remains confident in autonomy. 08:05 Taiwan rejects CCP's pressure on economic cooperation Taiwan deepens international relationships Taiwan remains confident in autonomy 📈 Taiwan's economy thrives as it rejects CCP, while Hong Kong's economy sinks due to loyalty to CCP. 11:53 Taiwan's trade surpluses with the US and Asia reach record highs, nearly matching the surplus with mainland China and Hong Kong. Taiwan's stock market index rises significantly, with foreign capital returning and strategic positioning by foreign investors. Taiwan's unwavering stance against CCP allows it to achieve the highest per capita GDP in East Asia, while Hong Kong obediently integrates into CCP's markets. 🌏 Stark contrast between Hong Kong and Taiwan's economic paths due to CCP loyalty and rejection, with insights from Argentine president on dangers of socialism. 15:47 Argentine president highlights dangers of socialism leading to economic disaster Taiwan's clear-sighted rejection of CCP leading to economic growth Hong Kong's population flight and lack of trust in CCP-controlled future
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  2283. 😔 A 37-year-old UI designer in Wuhan is struggling to find a job after being unemployed for over a month. 00:14 Started a music training institute in Shenzhen, but had to shut it down due to the pandemic Feeling discouraged after receiving a low salary offer in a job interview 📉 Pikachu, a recent graduate in China, struggled to find employment in the midst of economic downturn and faced intense competition for limited job openings. 03:43 Pikachu resigned from a state-owned company due to family circumstances and faced difficulty in finding a new job He experienced firsthand the pressure of economic downturn when applying for community job with intense competition The internet industry decline is intensifying with many big Chinese companies planning layoffs 📉 Many businesses are facing closures and declines in orders, leading to early holiday breaks for employees and a shift in the traditional Chinese New Year travel rush. 07:01 Many businesses are struggling and facing closures Employees are taking early holiday breaks due to less demand for products The traditional Chinese New Year travel rush is shifting due to layoffs and unemployment 💼 Ren sh ya faced challenges in closing his business in China, leading to financial struggles for his employees. 10:38 Ren sh ya decided to liquidate his business in China, leading to layoffs and financial difficulties for his employees. Employees struggled to find similar positions elsewhere and faced significant income reductions. Ren sh mentioned a close friend in the real estate industry whose situation drastically changed before and after the pandemic. 💼 The video discusses the challenges faced by businesses in China under Xi Jinping's leadership, including the impact on state-owned and private enterprises. 13:49 Many businesses in China, including Tasha Quinn's, are struggling and facing the pressure of closing down due to economic challenges. Xi Jinping's focus on strengthening state-owned enterprises and promoting an assertive international approach has led to Western isolation and high-tech blockages. The Chinese economy has been severely damaged by three years of harsh zero COVID policy, with state-owned enterprises experiencing a 10% annual investment growth rate in 2022.
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  2284. 🏆 China is hosting the 19th Asian Games in Hangzhou, Zhejiang from September 23rd to October 8th, showcasing Chinese culture and sports enthusiasm. 00:00 The Asian Games is the first major international event hosted by China post the pandemic and the largest-scale competition in China in the last decade. Hangzhou made extensive preparations, including the construction and renovation of venues and urban infrastructure projects. Streets were decorated with vibrant colors, Asian Games flags, and banners to ensure the success of the event. 🥱 Many Chinese citizens showed indifference towards the Hangzhou 2022 Asian Games due to economic struggles and discontent with government expenditures. 02:50 Chinese citizens were not enthusiastic about hosting major events like the Asian Games. Hangzhou residents expressed discontent with the government's massive expenditures on the games. Over 200 billion yuan was spent on transport infrastructure and competition venues for the games. 💰 China's economy post-pandemic is facing challenges with reduced spending, increased savings, and unresolved risks in the real estate sector. 05:31 A desolate mall in Hangzhou's central area is struggling with business despite having a large number of residents nearby. Yi Gang highlights China's economic challenges including reduced spending, early loan repayments, unresolved real estate risks, decreased infrastructure investment, and employment issues. Guangzhou's temporary job market is flooded with thousands of job seekers. 🏢 The economic boost promised by the Asian Games in Hangzhou may not be significant, and the event may not solve the economic issues of the common people. 08:35 A restaurant owner in Hangzhou complained that despite the Asian Games, customer turnout had not increased. Johnny Y.S. Lau believes that the Asian Games won't alter the struggling economic tone of mainland China. Analysts suggest that China's significant investment in hosting international events may be focused on expanding political influence rather than sports. 🏆 The Chinese government aims to use the 2022 Asian Games to reshape its superpower image and suppress domestic dissent through nationalistic propaganda. 11:45 China hopes international events serve as a shot of confidence and a surge in nationalistic propaganda. China undertook vast construction projects for the 2008 Beijing Olympics, but many venues have fallen into disrepair.
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  2286. Significant Decline in Flight Frequency and Passenger Traffic at Shanghai Airports Reflects Ongoing Economic Slump and Exodus of Foreigners, Leading to Severe Economic Downturn and Loss of International Faith in the CCP's Regime 🛫 Shanghai airports are experiencing a significant reduction in flight frequency and passenger traffic, reflecting the ongoing economic slump in China. 00:00 Shanghai airports are still struggling with low passenger flow and many shops remaining closed after over a year of the pandemic being open. 00:00 The desolate scene at Shanghai Hongchao Airport Terminal 1, with very few passengers and flights, was shared on social media, indicating the unusual situation. 01:42 An experience of a flight departing early at Shanghai Hong XA airport highlights a significant reduction in flight frequency. 02:34 The hospital in Shanghai did not require people to wear masks, reflecting a different approach compared to other regions. 02:59 💔 The video discusses the impact of the pandemic on Shanghai's economy and the exodus of foreigners, highlighting the severe economic downturn and the closure of numerous businesses. 03:20 Mandate for everyone in hospitals to wear masks indicates the end of the lockdown, but the streets are still not crowded. 03:20 Many foreigners have moved out of luxurious villa areas, impacting the local economy. 03:32 Shanghai's airports and luxury residential areas reflect the absence of foreigners and economic collapse. 03:45 The CCP's extreme policies during the pandemic led to a period of 'white terror' and deterred the international community. 04:11 Shanghai's severe economic issues are evident through the closure of numerous businesses and the slow tax revenue growth. 05:51 🛫 The significant decrease in foreign tourists and business visitors to China has led to a severe economic downturn and loss of international faith in the CCP's regime. 07:33 The decrease in foreign tourists also leads to reduced investment in China and a mass exodus of foreign businesses and investors. 07:33 Inbound tourism to China suffered massive closures or suspensions due to the pandemic, with around 14,000 inbound travel agencies closing in 2020 and another 6,300 in 2021. 07:45 In 2019, China had about 50,000 travel agency outlets, but by the end of 2022, it had less than 20,000, a reduction of about 60%. 08:02 Foreign direct investment in China dropped to 20 billion in the first quarter of 2023 compared to 100 billion US in the first quarter of 2022. 08:56 The extreme quietness of Shanghai's Pudong and Hongqiao airports reflects the severe economic downturn in China during the 3-year lockdown period. 09:17
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  2287. ⚠ Protests erupt in China over unfinished buildings amid government promises and police violence. 00:00 Homeowners demand justice for unfinished buildings, facing delays and broken promises. 00:00 Protests spread nationwide with reports of misappropriation of funds causing project stagnation. 00:52 Incidents of police violence towards protesting homeowners in different provinces. 01:06 💰 Housing market turmoil in Shanghai leads to significant price drops and challenges for homeowners. 04:15 Significant price drop for the second floor unit from 4.1 million to 3.8 million 04:15 Homeowners facing challenges with falling property values and high loan interest rates 04:49 House finally sold after 3 and a half years, highlighting the impact of the housing market turmoil 04:58 🏠 Housing market trends in mainland China reveal disparities between new and secondhand residential building prices. 07:40 11 cities saw a rise in new residential building prices, while 57 cities experienced a decrease in secondhand housing prices. 07:40 Professional bloggers verify that listed housing prices may not reflect real values due to negotiation practices. 08:30 Buyers in mainland China often negotiate prices significantly, potentially leading to substantial decreases in final transaction prices. 08:41 🏠 Impact of declining real estate market on loan interest rates and expectations in China. 11:32 Weighted average interest rate of new personal housing loans lower than new corporate loans for the first time. 11:32 Expectations for the real estate market declining, leading to early loan repayments and shrinking existing housing loans. 11:57 Interest rates playing a significant role in stimulating transactions during rising house prices but causing sensitivity during declining periods. 12:34 ⚠ Urban real estate market in China facing challenges due to negative cycles and CCP's tactics. 15:01 CCP encourages house buying to exploit people financially, leading to long-term debt and property loss. 15:01 Declines in real estate not limited to major cities, with third and fourth tier cities also experiencing significant drops. 15:35 Negative cycles in urban real estate market include falling house prices, lack of new housing sales, and pandemic impact. 15:47
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  2291. 📉 China's foreign direct investment turns negative for the first time since 1998, signaling increased downward pressure on the economy. 00:06 Premier Li Chang calls for relaxation of market access for foreign capital at the China International Import Expo. Lack of confidence among foreign investors due to contradictory statements from Chinese Communist Party officials. Premier Li Chang highlights China's commitment to high-level opening up and easing of market access at the Expo. 📉 China's shrinking export market and challenging business environment lead to a significant decline in Taiwanese participation in the China International Import Expo. 02:35 China's shrinking export market makes it difficult for them to import goods. Concerns arise from China's challenging business environment, unpredictable policymaking, and worsening geopolitical tensions. The participation of Taiwanese companies in the China International Import Expo declined by approximately 81% compared to previous expos. 💼 Taiwanese businesses are establishing production bases in Southeast Asian countries due to high tariffs and difficulties in competing with local Chinese companies. 05:23 Smaller Taiwanese companies are directly moving to Vietnam, Thailand, or Cambodia. Tariffs from China to the US could reach 14-15%, while it's only 7% for Taiwan and around 5% for Southeast Asian countries. Taiwanese businesses find it hard to compete with local Chinese companies in the Chinese market. 📉 Foreign businesses are unlikely to invest in China due to its poor capital market performance and negative perception in the global market. 07:58 Wall Street Giant Vanguard Group is shutting down its office in China's mutual fund market and has signed severance agreements with its employees. US polling and consulting firm Gallup is informing clients of its withdrawal from the Chinese market. 📉 China's declining foreign direct investment and efforts to curb currency selling are putting pressure on the devaluation of the Chinese yen. 10:26 The onshore trading volume of the Chinese yen against the US dollar fell to a record low in October, prompting the People's Bank of China to urge major banks to limit transactions and discourage yen to dollar conversions. China's foreign exchange outflows increased to $75 billion in September, the largest monthly figure since 2016. Foreign investment in China is seen as crucial for attracting capital, orders, technology, and management models, and there is a growing eagerness from Beijing to return to an attractive market.
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  2294. "Beijing and Shanghai, Two of China's Key Cities, Face Economic Challenges with Declining Business and Rising Office Vacancy Rates" 🛍 The once bustling shopping center in Beijing is now facing a severe decline in business and foot traffic. 00:00 The shopping center in Beijing is experiencing a high vacancy rate and many well-known businesses have closed down. 00:00 The general manager of a large Chinese clothing chain observed a scarcity of customers and a bleak commercial atmosphere in the mall. 00:54 The scale of the skylight in the shopping center ranks third in the world, but the place is now desolate with aimless wandering visitors. 01:18 Rumors suggest that popular dining places and brands in the shopping center are gradually closing down. 02:05 There are signs of economic downturn everywhere, with industry giants closing stores and internet famous brands massively shutting down. 02:27 A landmark of economic prosperity and fashion now has entire rows of shops closed, reflecting the coldness of the local business scene. 02:33 The once lively business scene in Beijing is now described as as cold as the outside temperature by a media personality. 02:48 📉 The video discusses the unprecedented high vacancy rate of office buildings in Beijing and its impact on businesses. 03:48 Rental prices for offices and apartments in Dongguanin have dropped back to the levels of 10 years ago. 03:48 Vacancy rate of office buildings in Beijing's Jun guu has reached 16.9% compared to 2% at the end of 2020. 04:03 Businesses are facing financial difficulties, leading to terminations of leases and closures. 04:27 Relocation of internet giants and growing enterprises to self-owned properties and technology parks has impacted the vacancy rate. 05:14 Beijing's overall office vacancy rate reached 18.3% in the second quarter of this year, the highest level in nearly 13 years. 05:53 💼 The Beijing office market is experiencing a decline in vacancy rates and rents, leading to challenges for both landlords and tenants. 06:11 Vacancy rate for grade A office buildings in Beijing increased by 1.2 percentage points, reaching 19.5% by the end of the third quarter. 06:11 Tenants are relocating from the city center to the outskirts due to the challenging market conditions. 06:35 The Beijing office market has seen a significant shift from landlords having the upper hand to tenants having more negotiating power. 06:48 Local office rental market has been challenging, with deals involving lowering the rent and fewer client groups per month. 07:13 A small local business faced a hefty fine for selling hot food beyond its approved scope, sparking criticism and concerns about excessive fines. 07:25 The incident reflects the financial crisis of the Chinese Communist Party and the prevalence of fines economy, leading to a sense of despair among netizens. 08:17 Fines in various places in China seem to be a reflection of the underlying economic downturn and government departments resorting to fines to extract money from the public. 08:36 📉 The economic situation in Shanghai, China is bleak with rising office vacancy rates and declining profits in the wholesale and retail industry. 09:04 Restaurant operator fined for selling raw vegetables 09:04 Rising vacancy rates and falling rents in Shanghai office spaces 10:05 Closure of foreign financial institutions' offices in Shanghai 11:04 Decline in profit of wholesale and retail industry in Shanghai 11:43 Struggle of Shanghai businesses to pay additional value added tax 11:55 Closure of Shanghai luad Plaza 66 12:09 📉 The video discusses the potential impact of Tesla evacuating from Shanghai and the economic challenges facing China. 12:24 Rumors of Tesla evacuating from Shanghai are circulating online 12:24 Tesla is considering moving its Giga Factory out of Shanghai 12:31 Tesla reportedly laying off some battery assembly workers at its Shanghai Factory 12:45 The economic slowdown in Beijing and Shanghai indicates challenging economic conditions in China 13:18 China's economy is facing challenges with declining exports, outflow of foreign capital, and insufficient domestic consumption momentum 13:33 The Chinese government is struggling to find effective solutions to stabilize the economy 13:51 The situation in Shanghai and China's economy is deteriorating 13:59
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  2295. 💼 An advertisement for a cleaning position in China's Nandong city drew attention for its age requirement of under 35 years old for female candidates. 00:14 The Chinese governmental Department specified that janitorial candidates must be female, at least 158 CM tall, and have a minimum education of Junior High School. The janitorial position offers a monthly salary of 3,000 yen, approximately $410, after deducting Social Security and housing fund contributions. The age requirement of below 35 for civil servant recruitment in China is adopted by many provinces, causing discussion and concern among netizens. 😔 The employment situation in Beijing has deteriorated significantly, with many companies going bankrupt and age limits for recruitment causing challenges for job seekers. 02:54 Millions of companies in Beijing have gone bankrupt over the past 2 years, making job hunting more challenging. Many factories in China have an age requirement for recruitment set at under 35, leading to dismissals for those exceeding the age limit. The number of job advertisements in the village square has noticeably dwindled, indicating a tougher job market. 💼 Age discrimination in employment is a major issue in China, hindering job opportunities and family planning. 06:12 Age requirements for job postings in China are often limited to those between 18 and 35 years old. Chinese companies prioritize chasing after trends rather than valuing experience and specialized knowledge. Many individuals, like Mr. Lang and Miss Jung, face financial challenges and limited job prospects due to age discrimination. 💼 A middle-aged man in China struggles to find employment due to age discrimination. 09:15 The man, who was previously a regional general manager, has been rejected from various job applications. He realized that he had crossed an unemployment red line due to age discrimination. Currently, he works as a courier earning a lower wage than before. 📊 The majority of live streamers in 2022 were aged 18 to 29, with 64.2% of the total, while those aged 30 to 39 constituted 20.9%. 12:11 95.2% of live streamers relying primarily on live streaming for income earned a monthly income below $683. 90% of streamers in China are not making a profit in the highly competitive live streaming sector. China's employment landscape is becoming increasingly challenging, with a youth unemployment rate potentially as high as 46.5%.
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  2297. 🏭 Many factories in Shenzhen are being emptied, dismantled, and demolished, leading to a large number of unemployed people returning home. 00:10 Industrial areas in Shenzhen have been cleared out as many factories have moved away, leading to buildings being emptied and cordoned off. A large number of small factories, including the Shang Chong clothing Factory, are set to be demolished, resulting in many people becoming unemployed. Unemployed people are already returning home for the new year, indicating the severity of the situation in finding employment. 💸 The video discusses the impact of declining consumer spending and manufacturing activity in China. 03:42 Return rates for big brands have reached 20% due to constrained consumer budgets. The National Bureau of Statistics of China reported a decline in the country's official manufacturing PMI for November. The manufacturing activity in China is experiencing a downturn, as indicated by the PMI falling below the 50-point threshold. ⚠ Foreign CEO confidence in China has sharply declined due to geopolitical tensions, economic slowdown, and increased risk perception. 07:19 CEO confidence index for China dropped from 72 to 54 out of a possible 100 points Industrial demand in China is lower than pre-pandemic levels, impacting capital investment plans Foreign investment concerns in China are also due to stringent US technology export controls and modifications to China's counter Espionage laws 📉 Chinese authorities are facing a deepening economic crisis, with concerns about stagflation and the need for urgent fiscal and monetary policies. 10:53 Chinese authorities acknowledge the inability of current policies to rescue the market and avert disaster. President Xi Jinping's recent visit to Shanghai is seen as a sign of concern about the current economic situation. Prominent scholars warn of the risk of stagflation and urge the government to adopt expansionary fiscal and monetary policies. 💰 The video discusses the economic pressure on Chinese people due to uneven distribution of medical resources and the impact on medical insurance enrollment. 14:41 Uneven distribution of top grade hospitals increases medical costs for the public. Decrease in medical insurance enrollment and rising premiums lead to more people opting out of insurance. Senior analyst suggests government issue consumer vouchers to address economic issues.
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  2298. ⛈ Typhoon Haikui causes severe flooding and destruction in Fujian and Guangdong. 00:23 Typhoon Haikui makes landfall in Fujian and Guangdong, causing widespread flooding and collapsing buildings. The typhoon also hits Taiwan twice, bringing heavy rains and strong winds. Fuqing County in Fuzhou records extreme rainfall, setting a new historical record. 🌧 Severe flooding caused by heavy rains and strong winds in Fujian province. 04:23 The factory is washed away and damages are everywhere. 9 reservoirs in Anxi County are discharging floodwaters, causing extensive flooding downstream. Fuzhou city experiences fierce winds, heavy rains, and flooding after the typhoon made landfall. 💨 The name of the typhoon 'Haikui' attracted attention as it was changed from 'Dragon King' following a request from Chinese officials. 08:56 The naming list for tropical cyclones in the Northwestern Pacific was established by the World Meteorological Organization Typhoon Committee in 2000. The naming convention involves five lists contributed by 14 member countries, with names used cyclically. The typhoon 'Haikui' resulted in 147 deaths and over 39 injuries in 2005. ⛈ Heavy rain and flooding caused significant damage to farmland, infrastructure, and houses in Fuzhou. 12:14 Flooded farmland amounted to 4194 hectares, with 170 road and bridge damages, 919 houses damaged, 67 houses collapsed, 125 power lines down, 85 kilometers of communication lines and 21 communication bases were damaged. Direct economic loss amounted to 552 million yuan. The release of water from reservoirs exacerbated the impact of the local flood disasters, with 49 out of 420 reservoirs in Fuzhou exceeding the flood limit levels. ⚠ The Dongzhang Reservoir in Fuqing is in a desolate state due to poor foundation, leading to frequent flood discharge during heavy rain. 16:17 Landslides and leaks occur in the rainy season due to deep excavation of canals and hanging of slopes beside mountains. Large-scale reinforcement and expansion projects were carried out from 1961 to 1966, but leakage issues persisted. Several local reservoirs discharged water without warning during Typhoon Saola, leading to flooding in some areas.
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  2299. 🚲 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
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  2301. 😔 The foreign trade situation has changed, with a client switching to a cheaper factory in Vietnam due to lower tariffs, resulting in a slump for freight forwarders. 00:22 Freight forwarders are experiencing a significant decrease in business due to a decline in export orders. Shipping costs have been high in the past due to high demand, but now they are decreasing as the overall situation worsens. The cost of container shipping is a reflection of the current state of the economy and trade. 📉 Chinese enterprises are closing down or relocating to Southeast Asia due to regulatory violations and supply chain shifts, resulting in a massive outflow of industries and a decline in China's exports and imports. 03:30 China's total goods trade value in the first 10 months decreased by 6% year-on-year, with exports down by 5.6% and imports by 6.5%. China's largest trade partner, Asen, experienced a 5% decrease in bilateral trade value, followed by the European Union with a 7.5% decrease, and the US with a 13.3% decrease. China's trade values with major partners, including Taiwan, South Korea, the Philippines, New Zealand, Japan, the Netherlands, and Germany, have significantly dropped. 📉 Chinese exports continue to decline, with a 6.2% decrease in trade volume for May. 06:25 Exports for May declined by 6.2% to 284 billion, while imports decreased by 4.5% to 218 billion. The decline in Chinese exports has been ongoing since October last year, with a significant drop in May. The surge in exports in March and April was attributed to backlog orders and low export volumes from the previous year, but this trend reversed in May due to decreasing overseas demand. 💼 China's exports to the EU and US have declined, while trade with Aien has grown significantly, but with minimal profits compared to Europe and America. 10:26 China is facing internal deflation and a decline in foreign investment. Experts believe that deflation after the pandemic exposes structural problems in China's economy. China's weak demand contrasts with the continuous inflation in the US and Western countries. 📉 China's anti-espionage law raises concerns in the business community, weakening investor confidence and leading to authoritarian measures. 13:04 China has ordered economists not to report excessively alarming news, especially regarding currency tightening. Chinese officials deny deflation in the current and future Chinese economy, citing recovering market demand and improving supply-demand relations. China's weak exports require reliance on domestic growth sources for economic development, posing a challenge.
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  2302. Summary: 00:39 China's Economic Decline: Foreigners and Big Companies Flee as Xi's Power Control Backfires The arrest of employees from consulting firms in China has put them under scrutiny. 📉 Wall Street's perception of China has shifted as they realize the dangers of Xi Jinping's focus on personal power control at the expense of economic development. 01:25 Wall Street is finding it difficult to profit in the deteriorating business environment in China. Ray Dalio, a renowned American investor, has shifted his stance on China and began divesting from Chinese stocks. 02:06 China is facing real estate debt issues, the weakening impact of 👑-v policies, strict tech regulations, the sino-US conflict, and population problems. 03:28 Global investors are showing waning enthusiasm for the Chinese market. 04:11 📉 The number of international representatives at the Davos Forum in Tianjin decreased, and the promotional approach raised eyebrows; Goldman Sachs suspended fundraising in the US and shifted focus to the Middle East and Southeast Asia; Western investment banks pulled out of China's AI industry due to potential US sanctions; Returns of investment in Asian markets excluding China outperformed those within China; Asian market outside China may be experiencing an economic boom. 04:28 The Davos Forum in Tianjin had a smaller-scale meeting with a decrease in international representatives. 04:28 Goldman Sachs suspended fundraising in the US and sought investors in the Middle East and Southeast Asia. 05:26 Western investment banks withdrew from China's AI industry due to potential US sanctions. 06:19 Returns of investment in Asian markets excluding China were higher than those within China. 06:57 Asian markets outside China show potential for an economic boom. 08:36 📉 Overseas stock insurance from Chinese companies has diminished, with pricing disagreements and stricter regulations on overseas listing stymieing many deals. 08:50 Overseas stock insurance from Chinese companies fell to 90 billion in 2022 with only six Mainland firms managing to go public. 08:50 Pricing disagreements between high-bidding investors and low-selling Chinese companies have stymied many listing deals. 09:11 China's leadership is implementing stricter regulations on the overseas listing of Chinese companies. 09:17 Some Chinese concept stocks are considering delisting from New York, potentially marking the end of Wall Street's Golden Era of assisting Chinese firms to list in the U.S. 09:32 Foreign banks' participation in China's IPO market has dwindled to its lowest since 2009. 09:47 📉 Wall Street banks are scaling back operations in China due to concerns about investor rights, while the Chinese government seeks ongoing investments from American industry leaders. 13:25 Wall Street is concerned about protecting investor rights in China's opaque data environment. 13:25 Chinese President Xi Jinping anticipates ongoing investments in China by American industry leaders. 13:55 Foreign magnates visiting China may not have genuine investment intentions. 14:27 Wall Street and industry leaders are wary of openly supporting the Chinese Communist Party due to negative public opinion. 15:05 China's economic growth is slowing down and investment risk is increasing. 15:39
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  2309. 💰 China has launched a new system called the individual income and property information registration, which aims to survey the assets of high net worth and high income individuals. 00:27 The system allows for a comprehensive view of all properties, vehicles, and assets owned by individuals. Assets above 2 million are under regulatory scrutiny and considered high net worth. The government is particularly focused on individuals with assets above 6 million. 💰 The Chinese government's recent actions and statements suggest a focus on wealth redistribution and increased scrutiny on wealthy individuals and corporations. 04:04 The Chinese government has targeted industries such as real estate, oil, lottery, and funds for assessment of assets held by beneficiaries. Recent actions, such as the arrest of the head of China's largest immigration firm and an anti-corruption storm in the pharmaceutical and healthcare system, indicate the government's intent to redistribute wealth. Regulatory actions against Alibaba and Didi Chuxing, along with major corporations making substantial donations to government-led initiatives, show a pattern of entities feeling compelled to offer donations for their security. 💰 The Chinese Communist party's renewed campaign aims to raise funds, maintain power, and recruit support. 08:18 Efforts in China are notorious for exploiting both plaintiffs and defendants, with lawyers, accountants, and engineers involved in corruption. The CCP's strategy is to delay the social crisis by resorting to robbery when short of funds. The CCP aims to secure financing, garner public support, and recruit peasants for military service.
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  2314. 🇨🇳 The sudden demise of former Chinese premier Lee Hang has sparked mourning activities and speculation about the cause of his death. 00:07 The people have initiated mourning activities on a large scale, met with resistance from authorities. Speculation suggests Lee may have been poisoned by the Shanghai armed police, with Commander Chin Yan as the mastermind. Xi Jinping inspected several locations in Shanghai, reigniting speculations linking Chin's disappearance to Lee's death. 💼 The video discusses the rapid promotion and potential murder of a high-ranking Chinese official, as well as power struggles within the Chinese government. 04:03 Lee became the commander of the Shanghai armed police cores, indicating support from Xi Jinping. There is speculation about Lee's potential murder and Xi Jinping's desire to establish a new era by eliminating political rivals. The upcoming struggle within the Chinese government will focus on cleansing those supportive of Leo Jang, potentially leading to division and infighting. 💔 The sudden death of a high-ranking Chinese government official sparks public mourning and controversy over the official narrative. 08:01 A senior nurse doubts Lee's death was from a heart condition due to security measures in place for high-ranking officials. The overwhelming public mourning for Lee is rare in Chinese government political figures, reminiscent of the passing of former General Secretary Hu Ya Bang. Online memorials for Lee were suppressed, and comments on related posts were disabled, leading to controversy over the official narrative. 💼 The video discusses the economic philosophy of Chinese Premier Li Keqiang and his advocacy for the street vendor economy during the 2020 covid-19 outbreak. 12:01 Li Keqiang's economic philosophy focused on avoiding large-scale stimulus, deleveraging, and empowering the market. Li Keqiang emphasized the importance of the street vendor economy for providing immediate local employment opportunities during the pandemic. Li Keqiang's advocacy for the street vendor economy was met with opposition from official media, cooling enthusiasm for the concept. 📚 Controversial educational and political journey of a Chinese figure. 15:48 Questionable educational background and advancement Controversy surrounding the authenticity of the doctorate degree Perceived hindrance by Xi Jinping and resulting societal regression
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  2317. 📉 A surge of new poor has emerged in major cities in China due to economic downturn and pandemic controls. 00:00 People in China are queuing for limited edition products and shouldering high debts. Advertisements reinforce the idea of spending money rather than saving. Major cities in China are witnessing an increase in the new poor after economic downturn and pandemic controls. 💼 After facing the reality of a failed venture due to the pandemic, the speaker tried various jobs but found solace in their accounting certificate and is now focused on acquiring new skills. 03:39 The pandemic led to revenge entrepreneurship and fierce competition among business owners. The speaker meticulously collects receipts and hunts for cheap accounting services to save on taxes. After shutting down their company, the speaker tried various jobs before rediscovering their passion for accounting and joining the job seeking army. 💼 Unemployed middle-class professionals in Shenzhen are struggling with economic challenges and declining assets, resorting to driving for ride-sharing platforms to make ends meet. 07:13 A rising number of unemployed middle-class professionals can be found pretending to be at work in bookstores and other establishments. Over 70% of middle-class family assets in Shenzhen are tied up in real estate, making them vulnerable to economic downturns. Laid off professionals in Shenzhen are driving their yet-to-be-paid Mercedes-Benz cars for ride-sharing platforms to earn money, despite a decrease in the number of passengers. ! The transition from a producer society to a consumer society has marginalized the impoverished who do not consume. 10:25 Factory jobs became the only option for the impoverished in the 1970s. Consumer aesthetics replaced the traditional work ethic. The impoverished are now considered valueless if they do not consume. 💰 The rise of consumerism in China led to a competitive culture of flaunting wealth, but economic downturn and pandemic changed the scenario. 13:40 Consumerism in China transformed branded commodities into status symbols. Many Chinese sought validation through consumption, leading to a competitive culture of flaunting. The economic downturn and pandemic changed the situation, causing a decline in opportunities for lucrative investments.
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  2335. 💰 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.
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  2341. ⚠ The spread of a new respiratory infectious disease in China is causing concern, with a significant impact on ch il d ren and schools. 00:15 Outbreak of pediatric pneumonia in Warren County, Washington DC. China's abandonment of zero covid policy leading to a surge in respiratory infectious diseases, particularly affecting chil dren and schools. Suspension of classes in kindergartens and schools due to severe respiratory disease season, with a significant increase in pediatric visits to hospitals. ⚠ China is implementing strict measures to control the spread of Covid-19 and other epidemic diseases, including rapid screening for foreign passengers at Shanghai Pudong International Airport. 03:25 Foreign passengers required to undergo rapid Covid-19 screening at Shanghai Pudong International Airport. Notice issued for comprehensive health services for respiratory diseases during winter and spring seasons. Call to action for citizens to ensure a minimum of 10 days worth of grain supply in Yiu City, Zhejiang Province. ⚠ The video discusses the skepticism surrounding the Chinese government's handling of outbreaks, the surge in pediatric pneumonia cases in the US, and the accusation of hiding research on the origin of the coronavirus. 06:27 Chinese government's past practice of sealing outbreaks and delaying responses Surge in pediatric pneumonia cases in the United States Accusation of hiding research on the origin of the coronavirus ⚠ Neighbouring countries express concern over China's latest outbreak of respiratory diseases and take preventive measures. 09:17 Neighboring countries express concern and take preventive measures. PCR certificates and health codes are making a comeback in China. Event attendees in China are required to provide a negative PCR test result. 🚨 The health code system in China has become a tool for surveillance and control, impacting personal freedoms. 12:29 The health code collects personal information and is shared with the Chinese police. It determines access to buildings and public places based on colour coding. Local officials enforce the health code, granting them significant authority.
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  2342. 4:12 was the funnies sentence about 'due debts'🤣🤣🤣🤣🤣😂😂😂😂😂😂😂😂😅😅😄 📉 China's automotive market experienced a dramatic decline in sales, leading to closures of 4S stores and financial struggles for car dealership groups. 00:49 Sales in China's automotive market dropped for the first time in two decades in 2018. 00:49 The COVID-19 pandemic had a brief positive impact on gasoline car sales, but the overall downward trend continued. 01:04 A price war initiated by Tesla and a subsidy policy sparked by a collaboration with Dongfeng Motors led to significant price drops in car models. 02:05 Fossil fuel vehicle sales continued to decrease, resulting in closures of traditional sales channels, including over 1900 4S stores in 2021 and 4000 in 2022. 02:51 Around 55% of car dealership groups faced bankruptcy or severe losses, with only a small percentage managing to turn a profit. 03:34 📉 A critical lack of liquid capital and inability to meet debts has led to a significant downfall of Pang Da Group, resulting in a massive reduction in its dealership network. 04:41 Pang Da Group delisted from the Shanghai Stock Exchange on June 30th due to difficult circumstances. 04:41 Fossil fuel vehicle sales decline, causing losses for 4S stores. 04:51 Chinese car dealers face challenges as the stock warning index spiked at 66.4% in April 2023. 05:03 National passenger car inventory reached a record high of 3.39 million units by the end of May. 05:20 4S auto dealerships employ strategies such as directing vehicles to the second-hand car market and offering preferential rates to employees and media outlets. 06:22 🚗 4S dealerships struggle with low profitability, over-maintenance, and high prices, leading to loss of potential business and alienating customers. 07:55 68% of dealerships confirmed their primary vehicle models are priced below manufacturers' wholesale rates. 07:55 Only 10% of 4S dealerships can boast that half of their transactions are profitable. 08:14 4S dealerships' true profitability lies in customer attraction, maintenance, and insurance services, which have also fallen short. 08:46 4S stores often exaggerate minor issues and charge exorbitant prices for repairs. 09:45 Many consumers prefer alternative repair outlets due to competitive pricing and promotional campaigns. 11:02 ⚡ The rise of new energy vehicles is challenging traditional 4S stores and leading to a contraction in the automotive sector. 11:20 4S stores require car owners to remain loyal for maintenance and repairs, but consumers are increasingly disdaining this policy. 11:20 New energy vehicles are gradually eating away at the market share of fuel vehicles, posing a threat to traditional 4S stores. 11:47 Mainstream new energy vehicle brands prefer a direct-sales model, bypassing 4S stores for sales and maintenance. 12:15 The sales strategy of new energy vehicles is contributing to dwindling revenues for 4S stores. 12:57 The number of 4S stores is predicted to dwindle, especially second-tier stores, as new energy vehicle sales continue to grow. 14:33 🚗 The traditional network of 4S stores is shrinking due to decreasing sales of fuel cars, leading to a pricing agreement in the automotive industry being broken and ultimately revoked. 14:51 Sixteen major automakers signed a 'Commitment to Fair Competition in the Automotive Industry' to prevent excessive price competition and maintain stable asset prices. 14:51 Tesla and Volkswagen Shanghai broke the agreement by implementing price reduction strategies to attract consumers. 15:16 Other automakers faced a difficult situation of wanting to reduce prices to maintain market share but not breaching the agreement. 15:44 The China Association of Automobile Manufacturers revoked the pricing agreement, citing it as a violation of the Anti-Monopoly Law. 15:56 The events reflect challenges to traditional sales and service models in the auto market and the impact of the burst of asset bubbles. 16:10
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  2345. 😔 Layoffs in Shanghai have left many unemployed and searching for jobs, causing a bleak situation in the city. 00:00 Half the company was laid off without full compensation due to the risk of the company going under. Many people in Shanghai are struggling to find jobs, with some having no luck for over six months. Living in Shanghai has become increasingly difficult this year, with every industry facing challenges. 📈 Industrial output in Shanghai increased by 12 percent in July, but the cumulative increase for the year was lower than previous months. 03:15 Industrial output in July increased by 12 percent compared to the previous year. Cumulative increase in industrial output for the year was 7.7 percent, which was 4 percentage points lower than the previous six months. The decrease in industrial output in January was due to pandemic-related restrictions and the Lunar New Year holiday. 📉 SMIC, China's largest integrated circuit wafer manufacturer, reported a double-digit decline in revenue and net profit in the first half of 2023. 07:52 SMIC's revenue decreased by 19% and net profit decreased by 34% compared to the same period last year. The revenue from wafer foundry services dropped by 21% and wafer sales volume decreased from 3.7 million pieces to 2.7 million pieces. SMIC warned about potential future trade restrictions and barriers due to escalating trade frictions between the US or other countries and China. 📉 The Shanghai property market is experiencing a significant downturn, with luxury properties seeing substantial price drops and a decrease in sales. 12:31 Luxury properties in Shanghai are now frequently appearing in the secondary market, with many experiencing ten-million yuan price drops and almost halving their original prices. In July, there was a 15 percent decrease in per-unit transaction prices compared to June, and less than 100 luxury second-hand homes were sold. The collapse of the Shanghai property market is resembling a melting ice cream, with both manufacturing and real estate sectors experiencing a downturn. 😢 Brick-and-mortar stores are facing widespread distress, with many closing down or struggling to stay open due to high costs and low profits. 16:54 Brick-and-mortar store owners are forced to abandon their establishments and leave. The retail sector is experiencing a significant increase in closures. This year, it has become extremely difficult for store owners to cover rent and basic living expenses.
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  2351. 📉 The Chinese economy is on the brink of collapse with a sharp decline in foreign trade and foreign direct investment. 00:32 Total trade imports and exports in July fell by 13.6% year-on-year, with exports to the US dropping by 21%. China's exports in July saw a sharp year-on-year decrease of 14.5%, with Mexico overtaking the US as China's top trading partner. Foreign direct investment in mainland China has completely ceased, with a year-on-year decrease of 87% in actual use of foreign capital. 📉 China's local government debt and over-issuance of currency pose significant financial risks to the economy. 06:25 Firms like Anli Material Tech and KingforeEnergy Group invested in Zhongrong Trust's financial products despite overdue payments. Proportion of local debt and urban investment bonds to fiscal revenue reached an alarming 772% in some provinces. China's total local government debt reached RMB 66 trillion by the end of 2022, a significant increase from RMB 40 trillion in 2019. 😔 The economic achievements under Xi Jinping's leadership have been overshadowed by aggressive policies, leading to tensions with the US, disruption in international trade, and economic hardships for the Chinese population. 13:03 Xi Jinping's policies of favoring state-owned enterprises over private ones and assertive diplomacy have intensified US-China tensions and transformed trade disputes into comprehensive confrontations. The containment led by the US in areas of economy, technology, strategy, and geopolitics has severely disrupted the international trade environment, causing instability in the South China Sea and the Taiwan Strait. The strict containment measures during the pandemic led to widespread economic hardship, business closures, skyrocketing unemployment, and a decline in living standards for the most vulnerable in society.
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  2353. 📉 China's economy slowdown leads to a decline in consumer spending during the national day holiday. 00:07 There were instances of empty department stores and a lack of customers in supermarkets. Street vendors selling national flags experienced lackluster sales despite low prices. Business slowdown during the national day holiday was observed across various sectors. 📈 Domestic tourism in China during the holiday reached record-breaking numbers, but experts argue that the comparison is misleading due to the circumstances of the previous year. 03:00 Domestic trips in China during the holiday reached 754 million, a 79% increase compared to the previous year. Domestic tourism revenue hit 668 billion, a year-on-year increase of 133%. Experts argue that the comparison of current tourism figures to the previous year is misleading due to COVID-19 restrictions and mandatory PCR testing. 😔 Business in Shenzhen's bustling Shangan Street is dismal during the pandemic, with many stores closed and few people out and about. 05:43 Shangan Street in Shenzhen is deserted during the holiday season, with stores closed and a lack of crowds. Shopkeepers are lamenting the current state of business, with wholesalers losing money on moon cakes. 😔 Chinese youth face a challenging job market amid economic recession and pandemic pressures. 08:44 Spending habits, confidence, and expectations of Chinese citizens have dramatically changed. Youth unemployment rate in China reached 21.3% in June. The National Bureau of Statistics chose not to release further data on youth unemployment, which was criticized by many. 💼 The video discusses the concept of 'slow employment' and the challenges faced by young people in China. 11:36 The term 'slow employment' is used to describe the situation of not finding a job immediately after graduation. Many young people in China are embracing the 'lying flat' mentality due to high unemployment rates. A song titled 'Lying Flat Anthem' has gone viral, resonating with the struggles faced by the country's youth.
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  2362. This was a very cool and interesting documentary on Moutai and the CCP: 💥 The death of Yan Y, a leading figure at Ma Tha China's famous liquor brand, and the interactions between Chinese President Xi Jinping and Yan have sparked a public discussion about the health benefits of the liquor. 00:52 Chinese President Xi Jinping expressed his fondness for drinking Ma Thai and inquired about its unique production process and liver protecting properties. The revelations about Xi Jinping's interactions with Yan have reignited a nationwide debate about whether Ma Thai liquor can really be beneficial for the liver. ! The video discusses the drinking habits of a Brazilian president and former Taiwanese president, and how it is deeply rooted in party tradition. 03:50 The Brazilian president's daily consumption of a 500 ml bottle of liquor has raised concerns about potential liver complications. Former Taiwanese president Maying Joe's memoirs illustrate the legendary capacity for drinking in the CCP. 📚 The story revolves around the significance and power of a bottle of Malai from 1984 and its impact on the life of an elderly woman and the Mountai Distillery. 07:17 A single bottle of Malai from 1984 managed to secure 30,000 yen, and 12 bottles could buy a car. Under the leadership of Yanan, the market value of Malti surpassed even the GTP of its home province. Yan was sentenced to life in prison due to his early allegiance to Shiin Ping and his alleged bias towards reserving the finest AG Malai for her. 🔍 Whispers of plots and secrets surround the mysterious death of Yan Yo, raising questions about his true cause of death. 11:33 Whispers of plots and secrets surrounding Yan Yo's death Speculation about Yan Yo's knowledge of CCP's darkest secrets Mentions of Le Banjingling and Jang Jaming 🍷 The video discusses the history and impact of Guo Malai, a brand of Chinese liquor, and how it was affected by famine in the 1950s and 1960s. 15:18 Guo Malai's annual yield of MTI averaged 300 tons before economic reforms. During the famine from 1958 to 1962, Guo Malai saw a production of 2,790 tons. Counties funneled resources towards multi-production, resulting in tragic loss of lives.
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  2367. 🔒 Chinese head of state Xi Jinping has faced rumors of assassination attempts and mutinies, with his political career being challenged by various factions and external threats. 00:00 Rumors of assassination attempts and mutinies targeting Xi Jinping have been rampant in recent years. Xi Jinping is always surrounded by bodyguards in public and has faced pressure from covert manipulations and conspiracies. There have been growing backlash and rumors of assassination attempts against Xi Jinping due to policy shifts and his own wrongdoings. 💥 Speculations arise regarding an explosion on China's railway as a potential assassination attempt targeting Xi Jinping. 03:13 An explosion occurred on China's Railway near Shanghai, causing chaos and extensive damage. Speculations suggest the explosion may have been an assassination attempt targeting Xi Jinping, citing historical incidents and recent unusual deaths of officials. China's national security department uncovered a significant case involving retired officials collaborating with foreign hostile forces to establish an assassin squad targeting officials from Xi Jinping's faction. 💣 Xi Jinping narrowly escaped an assassination attempt during his visit to Wuhan during the peak of the pandemic. 06:21 The assassination attempt was orchestrated by Vice Minister of Public Security Sun Legion and had the backing of insiders within the Public Security Bureau. Multiple factors led to the failure of the assassination, including last-minute changes to Xi Jinping's schedule and a tip-off from H province's military commander. The revelation prompted a massive nationwide investigation in 2021, resulting in travel restrictions, frozen accounts, and seized assets. 🕊 Xi Jinping exhibits heightened vigilance and takes precautions to avoid risks and potential attacks. 09:30 Xi Jinping avoids directly visiting flood affected areas and mandates the clearing of streets when he visits regions. Xi Jinping prefers traveling by train to minimize risks. Xi Jinping is often seen wearing a heavy bulletproof vest. 🔒 Chinese President Xi Jinping faced multiple assassination attempts and security threats during his tenure. 12:27 Xi Jinping faced five potential assassination threats during his inspections of cities. Former polit Bureau member Bo Xilai was removed from his position and detained. Joe Yong Kong made at least two assassination attempts on Xi Jinping during the 2013 Bay di conference.
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  2368. 📉 China's manufacturing sector is experiencing a significant decline in orders for the American holiday shopping season. 00:18 Orders for gift box manufacturer Brothers Box have sharply dropped, impacting their peak shipping season. The Nikkei Asian Review reports that Dongguan is also facing similar challenges. Dongguan suppliers have not initiated hiring drives and have maintained low wages. 📉 The city of Dongguan in China is experiencing a decline in economic activity due to a shift in global manufacturing trends. 02:32 The once-vibrant city of Dongguan is now desolate, with empty bus and train stations and vacant shops. Over half of U.S. companies have shifted their production from China to Southeast Asia and India, with Japan and South Korea following this trend. Dell, the world's third-largest computer corporation, will no longer produce chips in China by 2024. 📉 China's prominence in the global supply chain might diminish due to lower production costs in the US, technological advancements, and increased complexities for foreign entrepreneurs. 04:45 US production costs were 5 percent lower than in China, including costs for land, logistics, financing, taxation, electricity, and natural gas. Technological advancements in automation and robotics are amplifying the cost advantages of Western nations. Foreign entries in China declined to 50,000 in the first quarter of this year due to increased complexities and surveillance. 📊 China's working population is under significant strain due to a high ratio of workers supporting dependents, eroding incomes, and declining birth rates. 06:58 China's working population of 740 million includes 60 million in non-economic roles, leaving only 680 million contributing to the economy. Each active worker in China supports approximately 2.09 individuals, a higher ratio compared to countries like India, Pakistan, and Myanmar. The strain on China's working population is evident in escalating family responsibilities, eroding incomes, declining purchasing power, and a drop in birth rates from 9 million to 7 million. ⚠ China is facing a significant political and social crisis with a declining economy, unemployment, and loss of trust in its systems. 09:29 China's economic trajectory has been waning post-pandemic, with skyrocketing unemployment, private sector insolvencies, and foreign capital flight. Trust in China's systems has dried up, and common ground has crumbled, leading to a looming political tempest. A sweeping push for nationalization under Xi Jinping's leadership has alienated the middle class, entrepreneurs, and the youth, eroding faith in the governing body.
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  2369. ⚠ Factory shutdown in China leaves workers stranded, sparking protests. 00:00 Balu Footware Company Limited shut down its factory in China due to global impact and decreased orders, leading to dissatisfaction and protests among the affected workers. The company plans to relocate its operations to Indonesia, but the compensation for the workers will only be available after December 31st. Thousands of employees gathered outside the factory, with hundreds occupying the office space in protest. 💔 Workers in China are facing financial crisis and delayed wage payments, leading to protests and aggressive dispersal tactics by security personnel. 03:05 Factory orders have decreased, impacting economic prosperity in China. Construction workers are facing financial crisis and delayed wage payments, leading to protests and aggressive dispersal tactics by security personnel. Elderly workers in Shanghai have resorted to sleeping on the streets as a form of protest due to unpaid wages. 💰 The video discusses the financial insolvency faced by developers in China, leading to halted construction work and unpaid wages for migrant workers. 06:00 Financial insolvency leading to halted construction work and unpaid wages for migrant workers Reluctance of Construction Industries to pay wages due to delayed payments from local governments and state-owned Enterprises Owing wages to migrant workers becoming a norm in China, contributing to social instability ⚠ Chinese manufacturing PMI fell to 49.4% in November, below economist predictions, indicating contraction and a decline in factory activities. 08:52 Chinese manufacturing PMI fell to 49.4% Concerns about domestic market's inability to compensate for losses in Europe and the United States Contraction in the service sector for the first time in 12 months 📉 Chinese exports in November 2023 saw a year-on-year decrease, with concerns about the sustainability of the improvement. 12:19 Chinese exports in November 2023 decreased by 3.2% year-on-year, reaching $294.8 billion. Analysts express concerns about the sustainability of export growth and the need for China to rely on domestic demand for future economic growth.
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  2370. 😮 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.
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  2371. The Communist CCP is only skilled in propaganda and copying or coCCPying. Timestamps below; 2:31 I've noticed that about the South China Morning Post since Jack Ma, who I like, bought the company too. His ownership of the South China Morning Post has made the SCMP/South China Morning Post become pro-CCP communism, though it supports the Communist CCP using much more subtle methods than the state-owned CCP propaganda of the People's R. of China. 🛩 A report on China's J20 fighter jet using advanced technology to successfully detect and shoot down a US B21 bomber in a simulated air combat. 00:00 China's J20 fighter jet using advanced technology to detect and shoot down a US B21 bomber in a simulated air combat The skepticism and debate surrounding the authenticity of the report The origin of the report from a paper by associate professor Chen Jun from China's Northwestern Polytechnical University 🛩 The South China Morning Post is accused of exaggerating China's military capabilities and facing technology challenges. 02:31 The South China Morning Post is accused of shifting to a tool for CCP propaganda. The CCP is facing technology challenges with its military projects, including leaks and hacking incidents. 🕵 Sensitive military networks using open source Linux were targeted by hacking software, revealing CCP's technological development and hypersonic weapon technology. 04:56 Sensitive military networks using open source Linux were targeted by hacking software. Northwestern Polytechnical University's research on hypersonic cruise missiles and the CCP's hypersonic weapon technology. Discovery of hacking and intrusion in the University's network system, leading to investigation by cybersecurity experts. 🚨 The CCP's biggest leak and hacking event in history has led to the rendering of missile troops ineffective, causing Xi Jinping to conduct extensive purges in the rocket Force. 07:31 The hacking of Northwestern Polytechnical University has rendered decades of research projects futile, leading to the development of hypersonic rocket engines and missiles starting from scratch. Xi Jinping denies China would attack Taiwan by 2027 or 2035, revealing that the rocket Force's trump card is gone. Xi Jinping instructed Chinese Industries to achieve chip Independence and focus on nanometer technology and electronic circuits for drones. 🛰 The US military used advanced electromagnetic waves and signal sources to protect Pelosi's aircraft from China's electronic warfare equipment. 10:00 US military formed a strong electronic interference barrier northeast of Taiwan to protect Pelosi's aircraft China's electronic warfare aircraft and destroyer failed to locate Pelosi's plane due to US carrier strike groups' interference Xi Jinping admitted the failure of China's electronic countermeasure Brigade and the outdated radar technology
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  2372. 🚗 Chinese car brands dominate the Russian market, with 49% market share in the first half of 2023, but complaints about their quality have also increased. 00:19 Chinese-funded automakers reached sales of 168 units in the Russian market, accounting for 49% of the market share. 80% of these Chinese cars are assembled in Russia, Belarus, or Kazakhstan, not manufactured in China. Complaints about the quality of Chinese cars have increased by 35% in Russia, with 44% of consumers believing the materials used are too thin or the components are not suitable. 😕 Car owners in Russia express disappointment and dissatisfaction with Chinese car models. 03:07 Car owners in Russia complain about issues such as loose rubber seals and lack of driving stability in Chinese car models. Russian taxi drivers prefer brands like Hyundai, Kia, and Renault's Logan due to their reliability and durability. Renault Logan is a popular choice among Russians, with the ability to run up to 500,000 km without major repairs. 🚗 Chinese automakers have not adequately considered the corrosive effects of melting salt on cars sold domestically and in the Russian market. 06:09 Chinese automakers have not addressed the issue of rust caused by melting salt in their car designs. Chinese automaker executives believe their sales in the Russian market won't be affected due to limited competition and the conflict in Ukraine. Chinese automakers may need to make specific product modifications, such as improved insulation materials and enhanced heaters, to ensure their cars function properly in Russia. 😡 Chinese cars are overpriced in Russia due to greed between Chinese manufacturers and Russian Customs. 09:12 Chinese cars are priced significantly higher in Russia compared to China. Even domestically produced Russian cars are rising in price following the example of Chinese cars. Russian-made Moskvich Free cars have poor quality and features compared to European counterparts. 🚗 Chinese automakers struggle to match the efficiency of Western companies in setting up car assembly lines in Russia. 12:09 Chinese automakers primarily rent factories left behind by Western companies for assembly in Russia. Russia's automobile industry has regressed significantly due to sanctions, leading to a lack of essential items like airbags. Even with China's support, Russian automotive technology is pushed backwards, and Chinese companies struggle to match the efficiency of Western companies in car assembly.
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  2376. 💼 Foxconn's implementation of a 5-day work week with 8-hour days in their factories in mainland China has caused controversy among Chinese workers. 01:00 Foxconn has implemented a 5-day work week with 8-hour days in their factories in mainland China. The new policy has stirred significant uproar among Chinese netizens. Many Foxconn workers rely on overtime work for nearly half of their wage income. 📺 Foxconn's new workweek policy sparks speculation and controversy. 03:47 Foxconn employees worked up to 150 hours of overtime in a peak period. Speculation suggests that the new workweek policy is a response to Chinese Communist Party scrutiny. The policy reveals low basic wages for Chinese manufacturing workers. 📈 Foxconn remains a significant contributor to the Chinese economy, despite shifting some production to other countries. 08:06 Foxconn's revenue in 2022 was approximately 1.5 trillion yen, accounting for 1.2% of China's GDP. Foxconn's imports and exports contribute significantly to China's trade volume. Foxconn is the mainland's number one merchandise exporter. 👥 Foxconn operates in compliance with labor laws and provides basic employee benefits, unlike many Chinese companies. 11:28 Foxconn fully pays for statutory insurances and a housing fund for its employees, provides overtime pay and annual leave. Basic employee benefits such as canteens, dormitories, and recreational facilities are provided. Many small and medium-sized Chinese companies fail to meet labor law requirements and provide employee benefits, leading to high unemployment rates. 🔍 Foxcon denies rumors of tax evasion and emphasizes its commitment to legal and compliant operations. 15:41 Foxcon's parent company issued a statement refuting rumors of tax evasion and stating that the group's production and operations are normal and orderly. Foxcon has been a significant entity for local governments in attracting investment and solving employment for over 30 years.
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  2377. 📉 China's chain retailers are facing financial difficulties with declining revenue, net losses, and the need for state-owned asset companies to buy shares. 00:00 Many chain retailer brands have revealed net losses prior to extraordinary items in their financial conditions for the first half of this year. 00:00 More than 70% of chain retailers in China experienced a significant year-on-year plunge in net profits before extraordinary items from 2022 onward. 00:55 Major Chinese chain retailers such as Better Life Commercial Chain and RenRenLe have suffered significant decreases in revenue, with debt ratios rising to 81% and 95.94% respectively. 01:14 The decline in revenue and net profit is attributed to decreased consumer purchasing power, popularity of online shopping, and high debt ratios leading to capital strain and insufficient inventory. 02:35 Even Suning, a longstanding giant in the chain retailer industry, had a disappointing performance. 02:53 Over 70% of Chinese Retail Chains Face Huge Losses, Leading to Closure of More Than 500 Stores 📉 Suning, a Chinese retail giant, is facing financial difficulties and declining market value. 03:11 Suning had a net loss of 28.2 billion yuan last year and has been experiencing ordinary net losses for eight consecutive years. 03:11 The company expanded too fast and now has a debt ratio of 90%. 03:32 Suning's profitability has recovered this year, but the takeover of Carrefour China resulted in a loss of 2.1 billion yuan in the first half of the year. 03:47 Suning owes tens of billions of goods payments to small and medium-sized enterprises and has long-term debts of 133.4 billion yuan. 04:24 China's consumer market is declining, with China's total consumer spending only accounting for 38.37% of GDP. 05:42 📉 China's consumption capacity is declining due to a long-term slowdown in consumption, inability of investment to boost GDP growth, slump in trade exports, and increase in household debt. 06:05 Per capita disposable income of urban residents lags behind GDP growth rate, leading to frugal living. 06:05 Every 10 yuan of investment can hardly drive one yuan of GDP growth. 06:23 Shift of the industrial chain leads to factory closures, layoffs, and drop in housing prices. 06:44 Household debt has reached 63.3% of GDP, growing by 354% since Xi Jinping took office. 07:03 Decline in profits of liquor companies and other consumer stocks indicate a downturn in the consumer market. 07:28 🛒 The rise of online shopping and high fees imposed on suppliers and consumers led to the decline of large supermarkets like Carrefour China. 08:59 Large supermarkets in the 1990s thrived on the surface but sacrificed the interests of suppliers and consumers. 08:59 Wholesalers and manufacturers had to pay high fees to sell their goods in large supermarkets. 09:16 Large supermarkets pressured wholesalers to give 3 months credit, while suppliers and consumers bore higher costs. 09:36 The rise of online shopping led to the decline of large supermarkets as consumers preferred to shop online and shelves were left with outdated stocks. 09:56 Carrefour China's performance declined significantly, leading to store closures and negative public opinion. 10:32 📈 Walmart and other large retail companies are experiencing significant growth in China due to the success of the membership model and the increasing acceptance of it by the middle class. 12:01 Walmart's sales in China have grown by 28% in the past three months, reaching $5.3 billion. 12:01 The membership model is being widely accepted in the Chinese market dominated by the middle class, leading other chain commercial companies to consider changing their operations. 12:39 Suning, despite its failure to run Carrefour China well, has been able to survive due to its close relationship with China's political system. 13:12 Large retail companies like Suning have been able to maintain stable operations due to the Chinese government's direct intervention in the retail industry. 13:33 The Chinese government is gradually increasing its control over private enterprises, transforming the private economy into a state-owned one. 14:07 ⚠ The economic situation in China is not optimistic, with difficulties in investment, foreign trade, and the real estate market, along with internal and diplomatic concerns. 15:02 The government's economic rescue strategy has yet to be announced. 15:02 Frequent leaks from the People’s Liberation Army Rocket Forces and the absence of the Foreign Minister Qin Gang. 15:21 Printing a large amount of money and over 300 policies to relax the real estate market have not improved China's economic situation. 15:39 Implementing strict pandemic control measures and halting economic activities again may further shock the fragile consumer market. 15:58 The story highlights the interplay between the economy, politics, corporations, and individuals in a world of constant change and complexity. 16:18
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  2390. 🏥 China's healthcare sector faces a surge in anti-corruption campaigns, resulting in investigations of hospital directors, department heads, and doctors. 00:02 At least 177 hospital directors and party secretaries have been investigated, more than double from the previous year. Numerous department heads and 168 doctors have also been implicated in corruption. Cases of corruption include acceptance of gifts, stocks, and kickbacks by hospital directors and party committee members. 💊 The root of medical corruption in China can be traced back to the policy of sustaining healthcare with drug sales, leading to unnecessary and ineffective use of medicines. 05:42 Hospitals in China had to find alternative means to generate revenue due to insufficient government investment, leading doctors to prioritize profits from pharmaceuticals. Over 40% of medical expenses in China are spent on medicines, compared to other advanced countries where top medicines are often provided for free. Reforms have been implemented, but as long as the policy of sustaining healthcare with drug sales remains unchanged, the problem of medical corruption cannot be fundamentally solved. 🤔 The Chinese Communist Party's anti-corruption campaign in the healthcare sector is seen as a political maneuver to divert attention and redistribute wealth. 11:13 The anti-corruption campaign doesn't directly address the issues of high medical costs and challenges in receiving medical care. The campaign is viewed as a calculated move to cast blame onto individuals in the healthcare industry and portray the Party as the champion of justice. The citizens may suffer as the regime jeopardizes their living conditions instead of addressing their genuine concerns.
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  2391. 📉 The Chinese economy is in a state of depression, with factories being strangled to death and key industries nationwide suffering. 00:00 Retail spaces in Shanghai have shut down, and even during peak consumption season, business is worse than usual. The period around October 1st, known as the 'Golden Week', used to be the busiest time for merchants and logistics, but now many flight routes have been suspended. The Chinese economy is beyond recovery, with people running out of money and key industries suffering from depression. 💸 Evergrande's crisis and debt defaults by Chinese real estate giants raise global concerns. 02:20 Evergrande's debt is soaring up to 300 billion USD, causing instability in the markets. Chinese real estate developer Country Garden is projected to incur losses of 45-55 billion yuan in the first half of this year and has accumulated a debt of 1.4 trillion yuan. Global investment giants like BlackRock and Allianz Group hold significant investments in Country Garden's US bonds, posing risks if the company faces difficulties. 💥 The downturn in computer and smartphone sales in China is expected to have a significant impact on global chip manufacturers. 04:59 China's contraction in the consumer market will have global implications. Semiconductor manufacturers predict further reductions in the production of NAND memory chips used in phones. European companies face the risk of the shutdown of the Chinese market. 💼 The worsening situation of the Chinese economy is expected to impact the global economy, leading to a decline in demand. 07:38 Agilent Technologies' quarterly revenue decline is attributed to poor business performance in China. The disappointing performance of the Chinese stock market and grim economic outlook will lead to a decline in demand. China's decline in demand will impact European luxury goods market. 📉 China's fiscal and monetary policies are facing challenges and have limited effectiveness in stimulating economic growth. 10:19 China's government has limited policy solutions due to the ongoing debt crisis and opposition between Chinese and American monetary policies. Relying on money supply expansion to support economic growth has been increasingly ineffective over the years. Attempts to alter public expectations through interest rate cuts have been largely futile.
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  2403. ❄ China experiences extreme cold waves and record-breaking low temperatures during winter. 00:30 China hit by an extremely severe cold wave with temperatures plunging to record-breaking lows. Footage shows a residential area in Northeast China covered in ice and snow, creating a fairyland-like scene. Unique phenomenon of hot water turning into a cloud and drifting away in extremely cold weather observed. ❄ The video shows the extreme cold weather conditions in the Taklamakan Desert and Inner Mongolia, with temperatures dropping as low as -49°C. 04:24 The Taklamakan Desert is the largest desert in China and the world's second largest shifting sand desert. Inner Mongolia experienced extremely low temperatures, with the lowest recorded at -49°C in Yakeshi City. The cold weather led to severe air pollution and challenging living conditions, but life continued as usual with no work stoppage or school closures. ❄ Severe cold wave in China causes disruptions to high-speed trains and power supplies, leading to malfunctions and power outages. 08:49 Severe snow storms affected multiple transmission and distribution lines, impacting 28 cities and 45 districts and counties. High-voltage transmission lines malfunctioned due to ice damage, leading to power outages in several regions. The weight of the ice on power lines caused the collapse of power towers, with repairs still underway. ❄ Severe winter weather causes chaos and record-breaking lows in China. 12:23 Female student forced to crawl back to dorm in snow-covered steps. Primary school path covered in thick ice causing frequent falls among students. Historical low temperatures recorded across 23 provincial capital cities. 🌨 A strong cold front is causing a significant drop in temperatures, leading to snow and ice disasters, and impacting social welfare and food prices in some regions. 16:29 Central and Eastern parts of the country are expected to be affected by a strong cold front Residents in Beijing have reported a sharp increase in vegetable prices due to the snow Centralized heating systems in various regions have come under criticism for disruptions and malfunctions
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  2404. Struggles of Chinese Delivery Workers: Low Earnings, Age Limit Concerns, and Unresolved Welfare Issues 😢 The deteriorating business environment in China has led to an accelerated withdrawal of foreign enterprises and a wave of closures among private businesses, causing an overcrowding of the food delivery industry and stricter regulations for delivery workers, including an age limit. 00:15 Delivery riders in China face challenging conditions, including low wages, long hours, and negative reviews. 00:15 The Chinese government's policies, such as the sudden relaxation of the zero Covid policy, have had a severe impact on people's livelihoods and the economy. 00:57 There is an accelerated withdrawal of foreign enterprises and closures among private businesses in China. 01:11 The ranks of the unemployed are swelling, leading to an overcrowding of the food delivery industry. 01:17 There are age restrictions for delivery work, with reports suggesting an age limit of below 45 years for delivery personnel. 01:37 Delivery platforms like Meituan have implemented age limits for safety reasons, but this approach is seen as arbitrary and unfair. 02:06 A more reasonable approach would be to assess a person's physical condition rather than relying solely on age as a reference. 02:33 ! Maywine's delivery platform imposes age limits on riders, causing concerns among netizens. 03:03 Maywine's delivery platform limits the age of riders to between 18 and 57 years. 03:03 Netizens doubt if being able to register guarantees getting orders. 03:11 Blue Well Media journalists found that some recruitment coordinators hang up or confirm the applicant's age, limiting job opportunities for older individuals. 03:25 Unemployed people in their 30s and 40s are facing limited options due to the age limit. 04:00 Maywine generally sets a 45-year age limit for recruiting dedicated riders, with some locations setting it at 40. 04:08 Screenshots reveal explicit age limits for different districts and requirements such as health certificates. 04:24 Maywine's HR mentioned that there is a slight chance of getting hired if a person looks young. 05:30 ! The job of food delivery riders in China is becoming increasingly desperate due to low income, oversupply of workers, and long working hours. 06:09 Food delivery riders in China face age restrictions, with most job advertisements preferring younger riders. 06:09 The job of a food delivery rider, once physically demanding and low in prospects, is now sought after due to the declining economy and scarcity of jobs. 06:46 The income of delivery riders has been steadily decreasing, making the job even more unbearable. 06:54 A delivery rider shares his experience of working long hours and earning very little, expressing his frustration with the job. 07:01 The unemployed have flocked to the food delivery industry, leading to an oversupply of workers and a decrease in pay. 07:33 A delivery rider warns others not to join the industry, citing low income and lack of orders. 08:01 The delivery rider worked for 13 hours and only received 25 orders, earning just 100 yuan. 08:09 🛵 Delivery riders in China face a perilous situation, with high demand and intense competition, leading to risky behavior and poor working conditions. 08:48 Over 800 orders were received for 70 delivery riders in a span of less than 24 hours. 08:48 There were 13 million food delivery riders in China by the end of 2021. 09:05 In February 2023 alone, Meituan opened 500,000 new positions for riders and station managers. 09:12 Delivery riders can only handle about 30 orders per day. 09:30 Riders work long hours, often 9 to 12 hours daily, with almost no orders at other times. 09:38 Delivery riders face high risks, including traffic accidents and injuries. 09:58 Delivery platforms prioritize delivery time, leading to reckless behavior and disregard for safety. 10:26 🚴 The welfare and protection of food delivery riders in China remains unresolved, with platforms like Mwine providing no job security, minimum wage, fixed working hours, or social insurance. 11:48 Food delivery industry in China has become a trap for low-income earners and the unemployed. 11:48 Mwine, a food delivery company in China, does not provide formal employment contracts to its delivery drivers. 12:18 Chen Gu Jang, a delivery rider and advocate for workers' rights, was detained after criticizing Mwine's unreasonable demands. 12:33 Delivery riders have no channel for appeal and the platform controls everything, including fines. 13:04 Delivery riders lack job security, minimum wage, fixed working hours, and social insurance. 13:13 Intense competition among internet companies has led to lowered prices and reduced commissions for delivery riders. 13:20 The algorithm used by platforms like Mwine prioritizes riders who work longer hours, disadvantaging those who want flexible hours. 13:33
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  2406. 🏪 The once famous musical instrument street in Shanghai has experienced a significant decrease in consumer demand, resulting in the closure of many shops. 00:16 Most of the shops in the musical instrument street of Shanghai have closed down. Only one shop is still open for business on the street. The closure of shops indicates a decline in consumer demand. 📉 China's trade growth is uncertain due to factors such as domestic demand, limited effects of government measures, and the impact of the zero-COVID policy on economic activities. 03:17 Government measures to boost economic growth may have limited effects due to slow recovery in the labor market and uncertainty in household income prospects. China's economic activities are hampered by the zero-COVID policy, leading to a reduction in household incomes and cooling consumer spending. China's trade surplus in August fell to $68 billion, lower than expected and previous months. 💼 Business in the food and beverage sector has hit rock bottom, with owners struggling to pinpoint the exact cause of the slump. 06:24 Restaurant owner's business dropped from making 2000-3000 yuan a day to just a few hundred. Competition in the food and beverage industry is fierce, with every merchant vying for customers. Business this year is even worse than during the three years of the pandemic. 📉 Recent indicators suggest a decline in foreign investment in China, with key investment metrics at historical lows. 09:39 Vietnam's share of U.S. imports reached almost 4%, slightly below the peak in 2022. Mexico accounted for a record high of 15% of U.S. imports in the past twelve months. China is no longer a favored hotspot for foreign investors, with investment metrics plummeting to historical lows.
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  2416. 💰 Teachers in Jingxian County, China protest for their unpaid salaries and bonuses due to the county's budget shortfall. 00:22 Hundreds of primary and secondary school teachers in Jingxian County haven't received their full salaries for nearly a year. Primary school teachers in JShang County earn only $260 per month and face significant economic pressure. The teachers have taken to the streets to seek justice and demand their hard-earned money. 💰 Economically significant provinces like Tanging and Jangu are facing dire fiscal situations, with salary reductions and unpaid wages causing financial distress. 02:44 Shanghai Department directors' annual salary reduced from 350,000 to 200,000 Yen. Tangi municipal government and public transport group owe salaries to over 18,000 employees. Tanging is already bankrupt with debts exceeding its output. 📊 China's local governments have a total debt of 38.8 trillion R&B, leading to the approval of issuing 1 trillion yen in government bonds to support post-pandemic recovery and reconstruction. 05:25 China's local governments have a total debt of 38.8 trillion R&B. The national people's Congress approved the issuance of 1 trillion yen in government bonds to support post-pandemic recovery and reconstruction. This is the first time an additional fiscal deficit has been approved within a fiscal year in China, indicating the severity of the current economic situation. 📉 The debt crisis in China could have disastrous consequences for both the victims and the Chinese Communist Regime, with local government bankruptcy affecting teachers and public security systems. 08:08 Local government bankruptcy has resulted in delayed wage payments for teachers and public security personnel. Civil servant pay cuts could lead to a decline in consumption and trigger a vicious economic cycle. 📰 The Chinese government is encouraging civil servants to start businesses, sparking discussions among netizens. 11:01 The government is allowing professional and technical personnel to retain their personnel relations for 3 years while on leave. Some netizens question if this special treatment represents a form of privilege. There are concerns about whether these encouraged entrepreneurs will be able to return to their original public departments after 3 years.
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  2422. Escalating tensions in Taiwan Strait impact Fujian province's economy as Taiwanese entrepreneurs withdraw from China, leading to potential economic collapse 🚨 Escalating tensions in the Taiwan Strait impact Fujian province's economy and indicate a potential conflict. 00:00 Amphibious tanks being transported from Xiamen to Fuzhou in Fujian province raise speculations of escalating military preparations. 00:00 CCP's official media reports on the Eastern Theater Command's activities, including an exhibition on the Yi-jiang-shan Island battle, signaling important messages. 00:16 Fujian province plays a unique role in cross-strait relations due to its cultural and linguistic similarities with Taiwan, and recent military mobilization indicates a brimming confrontation. 01:07 Fujian's economic trajectory is significantly impacted by the worsening cross-strait relations, affecting its role as a platform for cross-strait exchanges and collaborations. 01:43 Fujian's economic growth halted in 2023 due to escalating tensions, with a notable decline in export trade, leading to international buyers shifting their orders. 02:38 Every major turning point in Fujian's economic development is closely related to the relations across the Taiwan Strait, with historical military operations hindering economic growth in the past. 03:14 📉 Taiwanese businesses are withdrawing from China, impacting Fujian's economy and foreign trade sector. 08:29 Reasons for Taiwanese businesses exiting China include escalating labor costs, disappearing policy incentives, challenges such as intellectual property theft, and deteriorating macroeconomic environment. 08:29 Fujian heavily relies on the export sector, with 45% of provincial-level tax revenue coming from foreign trade activities. 09:40 Fujian's export scale grew fifteen-fold from 1997 to 2021, reaching 167 billion US dollars. 09:58 Quanzhou City serves as the primary hub for product exports in Fujian, focusing on electromechanical products and textiles. 10:20 Cross-strait relations and the shadow of war have impacted Fujian's economy, with a potential discrepancy in reported economic growth. 11:20 The deterioration in cross-strait relations was influenced by events in Hong Kong and the loss of faith in the 'one country, two systems' policy. 11:38 The Democratic Progressive Party in Taiwan has consolidated power and become more assertive towards mainland China. 12:12 🚨 Increased military activity in the Taiwan Strait raises tensions between China, Taiwan, and their allies. 16:21 11 Chinese military aircraft and 4 naval vessels breached Taiwan's southwest airspace, leading to Taiwan's military response. 16:21 In 2023, a total of 3157 Chinese aircraft and 1225 naval vessels were detected around the Taiwan Strait, with 187 aircraft entering Taiwan's airspace. 16:54 US and Canadian military vessels traversed the Taiwan Strait for the second time this year, causing condemnation from China. 17:19 US President Joe Biden expressed doubt about China's capability to invade Taiwan due to their economic crisis. 17:35 Indian officials revealed military strategies for a potential war in the Taiwan Strait, including supporting the US and its allies or opening a new front along the Indo-China border. 18:09 The US House of Representatives' special committee plans to conduct a war game simulation to assess investment risks in China during a conflict over Taiwan. 18:59 The simulation will focus on the economic repercussions and systemic risks associated with US capital flows to China and financial institutions' exposure to the Chinese economy. 19:17
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  2425. 😔 The carpet stall at the exhibition hall is unusually quiet, with a decline in customers and export volume, causing pressure and shrinking profits. 00:01 The exhibition hall is deserted despite a crowd outside. More than 80% of customers are from Asia, Africa, and Latin America. There is a noticeable decline in export volume and shrinking profits. 💥 China's declining exports to the European Union and the United States are causing economic hardship and factory layoffs. 03:25 China's exports to the European Union fell by 10.6% and exports to the United States decreased by 16.4% in the first 9 months of 2023. Stacked containers at the busiest port in China indicate a decrease in foreign orders and factory layoffs. Some small Home Appliance factories in China are finding opportunities in countries like Vietnam. 📉 Foreign direct investment in China has significantly declined, indicating a deteriorating situation for foreign investment. 06:52 Foreign direct investment in September was down 5.1% year on year, dragging down cumulative figures. Second-quarter direct investment liability was $6.7 billion, the lowest level since 2000. Foreign companies are repatriating their profits instead of reinvesting in China. 🛂 A US citizen working for a pharmaceutical company had his passport confiscated and was detained for 20 minutes when entering Hong Kong, raising concerns about China's authority under various laws. 10:10 Mr drun's passport was confiscated and he was detained for 20 minutes when entering Hong Kong. China has the authority to do whatever it wants under laws like the National Security Law and Foreign Relations law. The incident creates psychological pressure for those who have to travel to China. 🌍 Foreign visitors face numerous challenges in China, including difficulties with digital payments and obtaining necessary documents. 13:22 Foreign visitors had difficulty paying for a taxi ride due to lack of digital payment options. Opening a Chinese bank account and obtaining a local phone number were necessary for digital payments. Many business hotels in China refuse customers with foreign passports unless they have registered with the Public Security Bureau.
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  2426. 📉 The Renminbi exchange rate has been consistently declining since May, reaching its lowest level since 2014. 00:00 The Renminbi broke through the threshold of 1 US Dollar to 7 Renminbi on May 17th. 00:00 The onshore Renminbi has depreciated by about 4 percent against the US dollar since the start of the year. 00:20 The Renminbi is essentially at its lowest level since 2014 according to the Renminbi's real effective exchange rate. 00:35 Chinese state owned banks sold US Dollars to prop up the Renminbi exchange rate. 01:01 The idea of replacing the US Dollar with the Renminbi is unrealistic due to the dominance of the US Dollar in global currency transactions. 02:41 The Global Depreciation of Renminbi: Offshore RMB Out of Control as Economic Recession Takes Hold 📉 The US dollar remains the dominant currency for international trade, while the Chinese Yuan's internationalization efforts have not been successful. 03:29 By the end of Q1 2023, the US dollar accounted for 59% of global foreign exchange reserves, followed by the Euro, the Japanese Yen, the British Pound, and the Chinese Yuan. 03:29 China's promotion of Yuan settlements with countries like Russia, Saudi Arabia, and Brazil did not result in significant usage of the Yuan in international trade. 04:36 Russia faced economic sanctions and had limited access to dollars and euros, leading to the need to sell Yuan and purchase with other currencies. 05:33 The US dollar remains the most widely used currency for international payments, followed by the Euro, the British Pound, the Japanese Yen, and the Chinese Yuan ranking fifth. 06:02 The payment ratio of the Chinese Yuan dropped by 20% compared to two years prior, indicating a lack of significant adoption in international payments. 06:20 💰 The depreciation of the Yuan exchange rate is not a deliberate act by the Chinese Communist Party, but is influenced by the existence of the offshore Renminbi exchange rate market. 06:41 The international market's lack of capacity to accept Yuan causes the Yuan exchange rate to fall. 06:41 There is no international Yuan bond, which means holding Yuan does not earn interest. 06:54 Mainland China needs to sell something to maintain the value of Yuan, or else Yuan is sold for dollars. 07:07 China strictly limits domestic citizens' foreign currency exchange capacity. 07:49 The existence of the offshore Renminbi exchange rate market leads to the sharp drop in the Renminbi exchange rate. 09:08 📉 The decline in the offshore Renminbi exchange rate reflects China's economic issues. 09:59 Hong Kong and London are the two largest offshore Renminbi trading centers. 09:59 Factors such as Russia's significant Renminbi sell-off, Federal Reserve rate hikes, and China's economic downturn led to a decline in the offshore and onshore Renminbi exchange rates. 10:17 The uncontrolled offshore Renminbi has become a 'barometer' influencing the trend of the Renminbi exchange rate and reflecting China's economic problems. 10:34 China's economic indicators show a comprehensive decline, including lower consumer confidence, a steep drop in real estate investment, and a significant decrease in exports to the United States. 11:04 China's foreign exchange income and reserves are insufficient, making it difficult to maintain the stability of the offshore Renminbi. 13:18 📉 China's foreign exchange reserves are limited due to high foreign debt and a recessionary trend. 13:32 China's foreign exchange reserves are 3.19 trillion US Dollars, but the included foreign debt is equivalent to 2.45 trillion US Dollars. 13:32 Foreign debt accounts for 76.8 percent of China's foreign exchange reserves, limiting the government's available reserves during economic downturns. 13:49 The Federal Reserve's rate hikes and China's rate cuts have led to speculation of Renminbi devaluation. 14:08 Federal Reserve Chairman Powell's speech strengthened the US dollar and exerted depreciation pressure on the Renminbi. 14:52 China is experiencing a recessionary trend characterized by widespread industry depression and high unemployment rates. 14:58
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  2427. 💰 Millions of yen mysteriously disappeared from a company's bank account in China, causing widespread discussion online. 00:20 The incident sparked widespread online discussion. Nearly 60 million yen was transferred out of a company's account without their knowledge. The money was transferred into a margin deposit account with an interest starting from March 30th. 💰 Frequent incidents of disappearing deposits in Chinese banks raise concerns about financial security. 03:19 Similar cases of disappearing deposits have occurred before, with a single employee being blamed. Chinese citizens are losing faith in banks as incidents of disappearing deposits increase. Large amounts of money are involved in these incidents, affecting both enterprises and individuals. 📰 Depositors of rural banks in China protest against lack of control and collusion with the underworld. 06:45 Depositors protested against the lack of control of rural banks and collusion with the underworld. Protests were violently suppressed by police and plane Closofficers. Chinese government used tactics like dispersing minor deposit amounts and issuing red houseal codes to limit the movement of depositors. 💰 The ICBC ning Branch in China is involved in a scandal where a senior manager embezzled 250 million yen of depositor funds, leading to heated public debate and financial losses for the depositors. 09:53 Depositors found themselves unable to hold anyone accountable for their financial losses. The bank was ruled not responsible for compensating the depositors for their losses. A woman confessed to being the personal assistant of the senior manager involved in the embezzlement. 💰 Chinese banks facing financial crisis due to embezzlement and declining net interest margin. 13:02 Chinese lawyer comments that banks should still fulfill their obligation to customers even in cases of embezzlement. Similar cases of bank employees embezzling funds have occurred frequently in China. Chinese banks are experiencing a decline in net interest margin and an increase in bank draft defaults.
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  2428. 💔 Shanghai's KTV and nightclub industry has suffered a significant decline, with about 2/3 of establishments permanently closing down, leading to financial losses for investors. 00:15 Nearly 500,000 KTV and nightclub establishments in Shanghai have shut down. Prominent KTVs like Shanghai KNS, Golden Age, and YuEmpire Mansion have permanently closed. A luxurious KTV that opened during the pandemic experienced constant opening and closing due to the impact of COVID-19. 📉 Shanghai's economy is experiencing a downturn, with closures and transformations of businesses, leading to concerns about the city's potential. 02:59 Shanghai's commercial streets and major shopping malls are showing signs of economic decline. Shanghai's nightlife has become monotonous and many KTV lounges have shifted to other sectors for survival. The closure, transformation, and relocation of shops, from small ones to larger outlets, indicate a considerable downturn in Shanghai's economic landscape. 💼 Asian karaoke venues face challenges due to high rent costs, music copyright fees, and a decline in young customers. 05:31 Rent costs are a significant contributor to high operating costs for karaoke venues. Karaoke venues face significant expenses in music copyright fees. A decline in young customers is a crucial reason for the decline of karaoke venues. 💰 China's economy is facing deflationary risk, with a decrease in consumer spending and dropping product prices. 08:11 China's economy has not experienced a real rebound post-pandemic. Consumer Price Index in China showed a year-on-year decrease of 0.3% in July and 0.2% in October. Consumers are increasingly unwilling or unable to spend due to economic uncertainty and job market competition. 🛍 A group called 'Do Not Buy' in China has attracted over 360,000 young people discussing how to spend more rationally and resist consumerism. 10:59 Many bloggers are releasing videos on platforms like BillyBilly and Douyin to eliminate the desire to purchase. Members of the 'Do Not Buy' group share strategies to resist spending in consumer-driven environments and peer pressure. Elaborate outfits and branded handbags hold social value among colleagues in Shanghai.
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  2430. 🏭 Foxconn factories in China are retreating due to decreased orders and the COVID-19 outbreak, while the company is expanding partnerships in India and Vietnam. 00:00 Foxconn factories in Liao ning and guicho China have been retreating, causing employment issues. Production equipment in Wuhan is being transported away as orders decrease. Foxconn is intensifying partnerships in India and Vietnam while experiencing a transition in its manufacturing hubs in China. 💼 Foxconn plans to enhance employment and investments in India under PM Modi's leadership. 02:00 Foxconn aims to double efforts to enhance employment, Foreign Direct Investments, and business scale in India. Foxconn acquired a large parcel of land in Bangalore for $37 million. Foxconn is actively pursuing investments in southern India and considering multi-billion dollar investments. 🌍 China's population decrease and aging workforce are causing it to lose its manufacturing advantage, while India is attracting semiconductor companies with investment and subsidies. 05:13 China's population is decreasing, leading to increasing labor costs and making manufacturing less attractive. India is attracting semiconductor companies with a significant investment of 7.6 trillion rupees and expanding subsidies. China's stringent policies and challenges in delivering orders on time have also impacted its manufacturing advantage. 😔 Job advertisements in Chinese tech manufacturing centers reveal low hourly wages for temporary workers. 08:26 The highest hourly wage offered this year is only 25 yuan (about 3.43 US Dollars). Some small electronics manufacturers offer an hourly wage less than 20 yuan (roughly 2.74 US Dollars). Amazon supplier in Dongguan is not hiring additional workforce during the peak season and offers a minimum basic wage of 16 yuan (approximately 2.19 US dollars) for temporary workers. 📉 The youth unemployment rate in China is alarmingly high, reaching 21.3%, and the Beijing authorities have chosen to withhold unemployment figures. 11:24 The youth unemployment rate in China has reached 21.3%. Beijing has decided to withhold unemployment figures. Loss of foreign enterprises like Foxconn has worsened the unemployment rate among Chinese youth.
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  2431. Private Companies in China Facing Bankruptcy and Closure Due to New Company Law Amendments and Economic Pressures: The Impact on Employees and the Economy 💼 Private companies in China facing bankruptcy and closure due to new company law amendments and economic pressures. 00:00 Private companies in China facing bankruptcy and closure 00:00 New company law requires actual payment of registered capital within 5 years 00:57 Over 40,000 companies in Shenzhen reducing their capital 01:22 China's economic future looks concerning with a continued downturn 01:43 Revised company law to take effect from July 1st, 2024 01:59 Modifications to the subscribed registration system for limited liability companies 02:07 Issues with original company law including indiscriminate subscription and overly high capital amounts 03:22 💼 Private companies in China face challenges due to new legislation and the prevalence of shell companies. 04:03 Many Chinese companies have unclear paid-in capital and may apply for reductions after new policy details are released. 04:03 China harbors over 4.5 million shell companies, with a 25% growth rate for those set up for money laundering purposes. 04:32 Shell companies are used for illegal activities such as money laundering and financial fraud. 05:21 New legislation aims to curb financial fraud through shell companies, impacting domestic and cross-border e-commerce. 06:19 Many e-commerce operators are concerned about the impact of the new laws on their business operations. 07:03 The new regulations also affect large cross-border e-commerce companies established overseas for growth. 07:33 📉 Private companies in China facing financial struggles due to loopholes in company law. 08:10 2013 revision of China's company law changed registration capital system, creating loopholes for businessmen. 08:10 Investigation revealed companies with high registered capital had no actual funds or offices. 09:01 New rule requiring actual capital contribution within 5 years triggered wave of capital reduction among companies. 10:16 Financial firms offering capital reduction services finding business opportunities. 10:29 Thousands of companies in Shenzhen have reduced their capital to avoid fines. 10:50 Drastic reduction in capital raises suspicions about initial falsification to appear financially robust. 11:37 Many small companies in China register with high capitals without actual funds. 11:52 💰 Struggling private companies face financial challenges, impacting employees and economy. 11:59 Struggling private companies with high registered capital face financial difficulties. 11:59 New company law in China requires timely payment of registered capital, impacting small businesses. 12:35 Impact of the new company law results in economic difficulties and potential closures. 13:30 Chinese economy faces deflation risk, leading to wage decreases and potential spending cutbacks. 14:20 Impact of economic challenges results in deserted streets and homelessness in industrial areas. 15:00 Workers forced onto the streets due to economic hardship, waiting for job opportunities. 15:25 Resident expresses struggle with unemployment and bleak future prospects. 15:32 💼 Private businesses in China are facing bankruptcy and struggle due to economic downturn and government policies. 15:54 Many businesses are struggling to survive after 20 years of operation. 15:54 Youth unemployment rates in China are soaring, with no relief in sight. 16:18 The revised company law provides a 5-year grace period for companies to meet their capital requirements. 16:48 The economic downturn is posing challenges for private enterprises. 16:54 The mandatory contribution requirement is adding barriers to entrepreneurship. 17:25 The government policies seem to be increasing the costs of entrepreneurship. 17:48 The situation may potentially drive young people out of the workforce. 18:03
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  2432. 🏢 Prime retail spaces in a country with a population of 1.4 billion are now empty, leading to deserted commercial centers and struggling small business owners. 00:44 The once bustling commercial centers and pedestrian streets are now nearly deserted. Small business owners are finding it difficult to keep their shops open and describe their business as bleak and barely sustainable. The pandemic was just the beginning of the challenges faced by physical stores. 📉 The economic downturn and withdrawal of foreign capital in Shanghai has led to a decline in consumer spending, causing businesses to struggle and stores to close. 03:01 The Bund in Shanghai, a major financial and trade center, is experiencing a decrease in foreign residents and tourists due to geopolitical reasons and the pandemic. The decline in foreign residents and tourists has resulted in a loss of income for physical stores in Shanghai, along with a decrease in consumption levels among Chinese residents and the impact of e-commerce. The trend of struggling stores and closures is not unique to Shanghai but is happening nationwide, as seen in the example of Guango, a first-tier city. 💼 The closure of physical stores due to the rise of e-commerce is leading to unemployment and impacting the overall economy. 06:34 The closure of physical stores results in increased unemployment and difficulties for logistics companies and suppliers. Consumers are reducing their spending, leading to fewer clothes being bought and fewer visits to supermarkets. Despite the closure of physical stores, fruit and vegetable wholesale markets are still in demand as people still need to eat. ! Businesses are experiencing a significant decline in revenue, with some even losing money and expressing a lack of confidence in the future. 09:02 Many businesses have seen a drastic decrease in revenue in October, with some losing money just paying rent. Business owners are losing confidence in the future and believe that business conditions are only getting worse. Businesses have experienced a continuous decline in revenue since October, with a drop of 80% in current revenue. 📉 The downturn in China's real estate market has led to a depression in industries related to it, as reflected by the empty lighting mall and closed shops. 12:18 The lighting mall has four floors but no customers can be seen, with many shops closed down. Business this year is even worse than before the pandemic, according to comments from citizens. The economic data released by official sources is also not optimistic.
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  2435. 📉 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
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  2437. 💰 China's Evergrande Group, once a leading real estate enterprise, has descended into financial crisis and bankruptcy, with allegations of intricate monetary dealings with high-ranking CCP officials. 00:32 Evergrande's staggering debt of 2.43 trillion yen and a debt to asset ratio of 132.5. Allegations of monetary dealings involving high-ranking CCP officials amounting to approximately 1.6 trillion yen. Evergrande's influence extends deep within CCP echelons, causing shock waves in the Chinese real estate market. 💣 The video discusses the commonly employed strategy of scare tactics by CCP leaders to target individuals and exert psychological pressure on them, highlighting the intricate link between power and China's market economy. 03:20 Scare tactics are often used by CCP leaders to target individuals and exert psychological pressure. China's market economy is intricately linked with power and collusion. The lavish lifestyle preferences of Shuing and his family have been exposed, causing fear among those with prior affiliations with the company. ! Peter has specific preferences for his living conditions, including room temperature, water, and food. 06:12 Peter prefers a room temperature of 23.5°C with 60% humidity. Peter likes Evan bottle water with the most recent production date. Peter requests specific food and drink preferences, including boiled peanuts, Red Bull, and coffee. 🏢 The Evergrande Group owns and supports the Evergrande Folk Dance Troop, which is a large performance team with hundreds of members. 09:22 The Evergrande Folk Dance Troop is housed on the 42nd floor and serves as their accommodation. The troop receives continued monthly financial support despite the company's debt crisis. Prospective members of the troop undergo a rigorous selection process. 📺 A video exposes Chinese businessman Shua In inviting business magnates, including Jack M, to watch a performance by his handpicked all-female troop, highlighting his extravagant investments and lavish lifestyle. 12:07 Shua In views his performance group as a major PR asset. Shua In's investment in the all-female troop aligns with the desires of CCP officials. There have been instances of chaos during Ever Grand's real estate group's debt meetings, and the troop has seized operations after the company's collapse.
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  2439. 🏢 The Pentagon World Trade Mall in Shanghai is a massive abandoned building inspired by the U.S. Pentagon. 00:33 The Pentagon World Trade Mall is a deserted structure resembling the Pentagon, spanning 500,000 square meters across five floors. It was initially intended to be the largest import commodity exhibition and sell center in the country. Due to its remote location, it has struggled to attract merchants and remains unfinished. 🏢 The Gate of the Orient in Shujo was completed in 2016 after significant delays and is now a landmark with multiple records in China. 05:15 Construction delays pushed the completion of the Gate of the Orient to 2016. The building holds records such as being China's largest steel structure and tallest garden. The Lotus-shaped building in Guangzhou is an outdoor football stadium with a planned seating capacity surpassing Barcelona's Camp Nou stadium. 🏰 A real estate development in Washington City has been halted for eight years, resulting in dilapidated structures and an unfinished underground level turned into a large pool. 10:47 The project has been stalled for several years, with no signs of resumption. The first underground level has accumulated over a meter of water, turning into a large pool. Home buyers have resorted to raising fish in the pool. 🏢 An unfinished building in Guangzhou became famous for its unique advertising and later attracted homeowners despite the project being halted. 15:23 Jong shui's building earned a world record certificate and a whimsical nickname. The unfinished building in Royal Lake World attracted homeowners who believed in the hope for resumption. The luxurious gate of Royal Lake World sold one third of the entire project. 🏢 The Sky City construction site in China was abandoned and turned into a fish pond. 20:54 Journalists found fishing enthusiasts occupying the site instead of construction. The abandoned pit became a thriving Mandarin fish breeding ground. The giant Tower in Julhai was another infamous abandoned project.
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  2440. 😕 Many consumers were disappointed with the quality of products they purchased during the double 11 sale, with some receiving counterfeit and substandard items. 00:35 Some users received more items than they ordered from online sellers. The low price strategy of the double 11 shopping festival led to a widespread trend of consumer downgrading. Consumers were lured by low prices but ended up buying counterfeit and substandard products. ! The rise of e-commerce in China has led to an increase in counterfeit products due to low entry barriers, high user traffic, and low costs. 04:42 The development of China e-commerce has been accompanied by product quality issues and the proliferation of fake goods. Low prices, high profits, and no-holds-barred promotions are the biggest selling points of knockoff products. Social platforms like WeChat, TikTok, and Qu Show have become channels for the circulation of counterfeit goods. 😔 The cosmetic industry admits to making fake cosmetics, causing frustration for formula scientists. 07:45 The cosmetic industry admits to making fake cosmetics using dyes to mimic natural ingredients. The practice of selling fake cosmetics under the name of Aenon Essence is not illegal. Formula scientists are frustrated with their fixed salaries and lack of contribution to society. 🛍 China's counterfeit industry continues to thrive, with millions of physical stores and online platforms selling counterfeit goods at low prices. 11:26 In 2016 alone, over 18,000 stores selling counterfeit goods were shut down and 380 million links to counterfeit goods were removed. Counterfeit merchants often reappear on other platforms under different names. Despite the high risk, people are still drawn to buying counterfeit products due to low prices. 👗 A Chinese clothing brand called temu is gaining rapid recognition in the US e-commerce market by offering low-priced women's clothing. 14:44 temu offers a comprehensive 20% discount on almost all women's clothing priced below $20. temu's low pricing strategy is possible due to their long-term cooperation with low-cost Chinese manufacturers. temu quickly gained market share in the US, posing a serious challenge to Amazon, but their thin profit margins require significant investment in marketing to establish a large customer base.
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  2442. 🇨🇳 The Chinese Communist Party is using fabricated data and control over public discourse to maintain an illusion of economic prosperity amidst a downturn. 00:00 The CCP is fabricating data and silencing dissent to maintain the illusion of economic prosperity. The central economic work conference emphasized the need to control propaganda and public opinion to guide public expectations and revitalize the economy. The CCP's ministry of State security threatened professionals not to speak negatively about China's economic future. 📉 The video discusses errors in China's export data and the decline in its economy. 04:29 China's November exports declined by 3.2% year-over-year, not showing the reported 0.5% growth. The data contained multiple errors, with a 5.6% decrease in China's total import and export value from the same period last year. The trade surplus narrowed by 2.7% to 748 billion. 📉 China's foreign trade in 2023 has significantly deteriorated compared to 2022, with a severe decline in exports and foreign exchange earnings. 09:16 Exports in November 2023 declined by 12% compared to the norm in 2021 China's foreign trade in 2023 has significantly deteriorated compared to 2022 Many Chinese export factories may shut down or move out of China, leading to a continued decrease in trade 📉 Private investment in China has significantly decreased compared to last year, indicating a worsening economic situation. 13:32 Private investment for November was 24.5% lower than the same month last year. The unemployment rate among the 16 to 24 age group is not being disclosed, leading to speculation about its actual figures. There are concerns about the economic indicators and the potential severity of the situation, including a record high unemployment rate. 📰 Leo G Pung criticizes China's capital market and government's priorities, leading to censorship. 17:32 Leo G Pung criticizes unfair wealth distribution and lack of focus on operations in China's capital market. Leo G Pung urges government to prioritize revitalizing the stock market and financial sector. Leo G Pung's social media accounts are muted and prohibited from gaining new followers, indicating government censorship.
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  2443. 🇨🇳 The Chinese Communist Party is using fabricated data and control over public discourse to maintain an illusion of economic prosperity amidst a downturn. 00:00 The CCP is fabricating data and silencing dissent to maintain the illusion of economic prosperity. The central economic work conference emphasised the need to control propaganda and public opinion to guide public expectations and revitalise the economy. The CCP's ministry of State security threatened professionals not to speak negatively about China's economic future. 📉 The video discusses errors in China's export data and the decline in its economy. 04:29 China's November exports declined by 3.2% year-over-year, not showing the reported 0.5% growth. The data contained multiple errors, with a 5.6% decrease in China's total import and export value from the same period last year. The trade surplus narrowed by 2.7% to 748 billion. 📉 China's foreign trade in 2023 has significantly deteriorated compared to 2022, with a severe decline in exports and foreign exchange earnings. 09:16 Exports in November 2023 declined by 12% compared to the norm in 2021 China's foreign trade in 2023 has significantly deteriorated compared to 2022 Many Chinese export factories may shut down or move out of China, leading to a continued decrease in trade 📉 Private investment in China has significantly decreased compared to last year, indicating a worsening economic situation. 13:32 Private investment for November was 24.5% lower than the same month last year. The unemployment rate among the 16 to 24 age group is not being disclosed, leading to speculation about its actual figures. There are concerns about the economic indicators and the potential severity of the situation, including a record high unemployment rate. 📰 Leo G Pung criticizes China's capital market and government's priorities, leading to censorship. 17:32 Leo G Pung criticizes unfair wealth distribution and lack of focus on operations in China's capital market. Leo G Pung urges government to prioritize revitalizing the stock market and financial sector. Leo G Pung's social media accounts are muted and prohibited from gaining new followers, indicating government censorship.
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  2457. 📉 Bank of China's aircraft leasing company, BOC Aviation, incurred a direct loss of $600 million after gifting eight seized planes to Russia in exchange for $200 million. 00:00 BOC Aviation lost $600 million after gifting eight seized planes to Russia in exchange for $200 million. Recovery of the remaining nine aircraft from Russia is almost impossible. Maintenance records for the planes may not be properly preserved in Russia, making them difficult to lease. 🛩 Russia's largest airline, Aeroflot, is facing difficulties in maintaining its planes due to Germany's prohibition on Russian planes entering its airspace. 03:13 In desperation, Russia signed an agreement with Iran to provide spare parts and maintenance for Russian aircraft. Aeroflot sent an Airbus A330-300 to Iran's Mahan air for maintenance, but it is still not repaired. Before the sanctions, Russian Airlines relied on Western companies for parts, but they have turned to smaller suppliers like S7's maintenance department and Moldova's Air Rock Solutions. 🇨🇳 The Chinese Communist Party's prioritization of political considerations over economic interests in dealing with Russia. 05:56 Dealing with Russia at a loss is a general pattern for China. The CCP has long known how Russia conducts business but still prioritizes political considerations over economic interests. The Chinese government encourages Chinese companies to enter the Russian Market, but it may not be beneficial for them. 🇷🇺 Russian-Chinese relations at grassroots level faced challenges in the 1990s due to inconsistent product quality and violence against Chinese merchants, but improved with Putin's crackdown on skinheads. 08:43 In the 1990s, Chinese traders smuggled goods into Russia, resulting in inconsistent product quality and a tainted impression of Chinese products. Chinese merchants often suffered violence from skinheads and faced extortion and robbery. With Putin's crackdown on skinheads, the situation for Chinese merchants improved, but crackdowns on smuggling intensified around the 2018 World Cup. 🇨🇳 A Chinese YouTuber named Paul Kajan gained popularity by creating a fake persona as a Russian elite soldier and criticizing the United States. 11:21 Paul Kajan's real identity is Wang Kong and he created a persona of a Russian soldier speaking with a Hanan accent. He gained hundreds of thousands of followers and earned significant sales figures by selling Russian products and criticizing the United States. When his real identity was revealed, he had to delete all his videos and change his account name to Wang Kangay.
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  2459. 😱 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.
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  2460. Life in China becomes increasingly difficult as the poor crowd Beijing Station at night amidst economic challenges and the looming threat of deflation. 📉 China's economic recovery is facing challenges with falling real estate market, growing debt risks, shrinking exports, high youth unemployment, and approaching deflation. 01:05 China's National Bureau of Statistics data shows that the Consumer Price Index (CPI) remained the same in June, halting its rise for the first time in two years and four months. 01:05 The core CPI, which reflects household purchasing power, rose by 0.4% year-on-year, the lowest increase since March 2021. 01:42 External warnings suggest that China's economic recovery is weak and a crisis of 'deflation' is imminent. 02:01 The Producer Price Index (PPI) for June was 5.4% lower than the same month last year, marking the ninth consecutive month of negative growth. 02:18 The 'double decline' phenomenon in both consumer and production ends indicates a decrease in market demand and purchasing power. 02:39 ❌ Deflation in China may lead to a decline in consumer spending, layoffs, and a vicious cycle of reduced production and more layoffs. 02:57 Deflation may result in a decrease in consumer spending and impede economic growth. 02:57 Layoffs due to shrinking demand may trigger social issues. 03:13 A decline in prices leads to reduced income, decreased investment, production, and possible layoffs. 03:30 China may already be experiencing deflation, which could be worse than officially reported. 04:08 China's economic development relied on foreign investment and generating domestic demand is now difficult. 05:17 ! The Chinese economy is experiencing deflation and the real estate market is weakening, leading to a negative perception of China and a significant economic collapse. 05:51 Deflation is more difficult to control and overcome than inflation. 05:51 The real estate market's recovery momentum remains weakened. 06:06 Chinese people are seeing their wealth shrink, affecting the consumer market. 06:19 China's real estate industry is unlikely to rebound. 06:37 The external perception of China has become more negative due to the pandemic and China's economic collapse is underestimated. 07:09 📉 The Chinese media has reduced promotion of Xi Jinping's 'common prosperity' campaign due to problems in the Chinese economy and the focus on boosting economic growth. 08:49 The current measures are focused on boosting economic growth, so adjustments need to be made. 08:49 The authorities are mentioning 'common prosperity' less because of problems in the Chinese economy. 08:49 Large-scale and well-funded enterprises may be impacted by the 'common prosperity' policy. 09:07 Foreign investments may not return to mainland China this year due to loss of confidence. 09:39 Xi Jinping's crackdown on internet giants and the education industry is seen as unfair. 10:15
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  2461. 🛩 China may be using commercial jets as radar shields for their military crafts, potentially putting civilian passengers at risk. 00:13 China's military communication aircraft lurked beneath a commercial flight from Hong Kong to Shanghai through the Taiwan Strait. This tactic could be used to launch a missile strike against Taiwan while sacrificing passengers on the civilian plane. Targeting a Hong Kong flight allows China to avoid widespread condemnation and diplomatic backlash. 🔒 China's covert military establishments and blurred civilian-military lines pose a threat to national security. 03:01 China has numerous covert military establishments hidden in residential areas and disguised as ordinary facilities. China strategically places vulnerable air strips near schools, making them inadvertent targets. The CCP blurs civilian-military lines to gain military advantages, as shown by their plans to rally non-active duty personnel and commandeer strategic airports and ports. 🚢 China has rapidly increased its capacity to transport military equipment to Taiwan using civilian ferries. 05:57 China's capacity to transport military equipment to Taiwan has reached 2.3 million tons in just 8 days. Chinese operators, including Bohai Ferry Group and High9 Straight Shipping Company, are involved in the transport operations. Recent mobilization of civilian ferries suggests a response to Nancy Pelosi's visit to Taiwan and PLA military exercises. 💣 The video discusses the potential of equipping civilian ships with missile weapons systems, allowing them to be used as launch platforms with significant battlefield advantages. 09:22 The PLA Navy's document hinted at the possibility of retrofitting missile launchers on civilian ships. Civilians have historically been used as human shields by the CCP. The CCP strategically seized territories from behind during the civil war. 😱 Communist forces used horrifying tactics, including sending unarmed elderly, children, and naked young women to the frontlines, causing shock and shame among the opposing soldiers. 12:01 Communist forces labeled unarmed elderly as counterrevolutionary landlords and forced them into the frontline. Children were used as cannon fodder by the Communist forces, paralyzing the opposing soldiers. Naked young women, labeled as daughters and daughters-in-law of landlords, were used as a grotesque assault tactic, causing the opposing soldiers to cast aside their machine guns.
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  2462. ! China's financial sector faces extreme centralization and erosion of individual freedoms. 00:06 Recent arrests of bank presidents and other officials by the judiciary. Expansion of the central commission's control to foreign affairs and the medical system. Establishment of CCP committees in enterprises and centralization of power. 📊 The Chinese government may take a direct role in investigating economic issues, potentially impacting entrepreneurs like Jack Ma. 03:10 Local security bureaus have historically investigated economic issues leniently. The State security apparatus could change the situation drastically. High-profile entrepreneurs like Jack Ma could come under close watch. 📰 Renowned foreign institutions pulling out of China leads to trust deficit in American political and business circles towards the Chinese Communist party's narratives. 06:24 Gallup and another foreign institution have recently withdrawn from China, causing a trust deficit in US towards Chinese narratives. The Chinese government might recognize the possibility of increased economic sanctions by the US if they continue to take opposing stances in international affairs. There are concerns that media outlets in Hong Kong and other financial news outlets might face detentions if they continue to talk down the market. 🌍 The video discusses the potential impact of the Chinese yuan's decline and the possibility of short selling on the global financial market. 09:55 The Chinese yuan has experienced a significant decline against the British pound and the euro. There are concerns about the possibility of short selling and the Chinese central bank resorting to printing more money to manipulate the exchange rate. A devaluation of the Chinese currency could have profound impacts on the everyday lives of the population. 🏢 China's subsidized housing policy restricts individual freedom and reduces labor mobility, impacting the economy. 12:41 Restrictions on place of work and mobility in subsidized housing policy limit individual freedom and labor mobility. Government's housing departments acquiring housing eliminates market competition and reduces choice for ordinary people. Recent financial work conference in China focuses on arresting and seizing assets and implementing stricter supervision and control in stock market, local government debt, and real estate market.
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  2463. 🌐 The China International Supply Chain Promotion Expo is seen as a way for the Chinese government to create an illusion of ongoing prosperity and global market appeal. 00:00 The Expo is viewed as a cleverly packaged celebration of an ending era and a bid to retain foreign capital. China's weakening economy and authoritarian rule are urging foreign capital to leave. The Expo is the world's first national-level exhibition focusing on supply chains. 🌐 Global awareness of supply chain risks due to overreliance on China, leading to skepticism about China's economic stability and foreign investment. 03:13 US move to strengthen supply chain resilience originated from a 2017 report requested by President Trump. Disengaging from China's supply chain has become a global trend, with significant foreign capital rapidly withdrawing from China. Media reports suggest over 3/4 of foreign capital inflow into the Chinese stock market had withdrawn in the first 7 months of 2023 alone. 📉 Foreign businesses and capital are fleeing China due to hostile policies, leading to economic decline and challenges. 05:59 Increasing Exodus of foreign businesses and capital from China due to hostile policies Sharp decline in new domestic job creation and economic activities, leading to negative growth in Consumer Price Index Intensified trend of foreign capital withdrawal from China due to new laws and restrictions 🔍 Chinese government's increased scrutiny on foreign enterprises and their employees, as well as the challenges faced by a US-based investigative firm in China. 09:11 Chinese government's focus on investigating foreign enterprises and their employees US-based investigative firm facing challenges in China, with detained employees and closure of Beijing operations History of Chinese authorities scrutinizing investigative activities of foreign firms in China ⚠ Foreign companies are increasingly reducing business trips to China due to concerns about detainment and interrogation by Chinese authorities. 12:06 Nearly 1 in 3 respondents are reducing business trips to China, according to a US government study. There has been a 25% increase in American companies cancelling or postponing business trips to China in recent weeks. Some companies are advising employees to use clean laptops and old phones when traveling to China to avoid potential issues.
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  2465. 💰 Wage cuts in the Chinese banking industry have been widespread due to economic influences, with some employees experiencing reductions of over 50%. 00:36 Wages in the banking industry have noticeably declined, with some employees receiving minimum wage and bank chairmen seeing their salaries drop significantly. 00:36 The financial industry is also affected, with reports of bank employees' salaries falling from over 20,000 yuan to less than 7,000 yuan. 00:55 The real estate downturn, which used to account for 40% of China's GDP, is a major factor impacting the banking industry. 01:23 SPDB employees went on strike due to salary reductions, with regular staff experiencing a 50% cut and supervisors and above facing a 40% reduction. 01:40 Wage cuts are not uncommon in the Chinese banking sector, with the average salary of employees in many listed banks decreasing by over 10%. 02:31 Shanghai Banks Implement Drastic Salary Cuts, Leading to Closure of 1,200 Bank Branches in China Since 2023 😔 Bank deputy manager in China faces financial distress due to delayed performance pay and low base salary. 03:28 A deputy branch manager of a rural commercial bank in China faced financial difficulties as he received only a few hundred yuan a month due to non-payment of performance pay. 03:28 The deputy manager was forced to take on a part-time job outside, but when the bank found out, they fired him without paying the performance salary owed to him. 03:44 The deputy manager sued the bank for the payment of his overdue performance wages, but the court dismissed his claims citing the bank's regulations. 04:00 Delayed wage payment is a widespread issue in China's banking industry, with larger banks deferring a significant portion of performance salary for several years. 04:44 The base salary of commercial bankers in China is typically low, and after deductions for various insurances, the actual monthly income is not substantial. 05:34 🏦 Many Chinese banks are scaling down their operations due to operational difficulties and declining profitability. 06:21 Approximately 1,200 bank branches in China have announced the termination of their operations from January to June 2023. 06:21 The closure wave in China's banking industry began in 2022, with around 2,400 bank branches closing down. 06:40 The reduction of offline bank outlets is driven by the increasing popularity of mobile payments and the decline in physical branch customers. 07:10 The fundamental reason for the closures is the sustained economic downturn in China, leading to declining bank profits. 07:44 Chinese local banks face pressure on revenue and capital replenishment in 2023 due to weak loan demand and narrowing net interest margins. 08:17 💰 Small regional banks in China are facing financial struggles and increased risks due to the economic downturn caused by the pandemic and the sluggish real estate market. 09:05 Small regional banks in China are struggling financially due to low interest rates and the impact of the pandemic. 09:05 Non-performing loans have increased, making small banks more vulnerable. 09:23 There are concerns about insufficient funds as many tier-2 capital bonds remain unredeemed. 09:55 Some small banks have chosen not to redeem their tier-2 capital bonds, which can decrease their capital supplementation efficiency. 10:19 The Chinese real estate market's sluggishness is causing risks to expand in the banking industry. 10:51 📉 Chinese banks are facing increasing non-performing real estate loans, posing a common challenge for the banking industry. 12:23 The balance of non-performing real estate loans among Chinese banks with the largest scale increased by 61% year-on-year. 12:23 Agricultural Bank of China had a balance of 46 billion yuan in non-performing real estate loans, a year-on-year increase of 63.4%. 12:46 Several banks, including Ping An Bank, Bank of Communications, Zheshang Bank, China Merchants Bank, China Everbright Bank, and China Construction Bank, experienced excessively fast growth in non-performing real estate loans last year. 13:06 China Construction Bank's President stated that the rising non-performing real estate loan ratio is a common challenge for the banking industry, and mitigating financial risks in real estate is urgent. 13:25 Approximately 7% of Chinese-funded banks were poorly rated by the People's Bank of China's risk assessment at the end of 2021, indicating potential financial risks. 13:40
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  2466. 🚗 Car owner expresses concern about airbags not deploying in a recent crash. 00:35 Out of seven airbags, six didn't deploy in a car crash. Car manufacturers often provide explanations for undeployed airbags, but they are met with skepticism. BYD, a Chinese automaker, faces criticism from its own customers. 🚗 The video discusses a highway collision, PR deflection by BYD, skepticism towards Toyota's hybrid technology, and aggressive defenders of BYD. 03:09 BYD's PR moves have been criticized for deflecting genuine concerns and brushing aside questions. Skepticism towards Toyota's hybrid technology is often met with dismissal by BYD's ardent fans. BYD enthusiasts become aggressive defenders when faced with criticism and sometimes resort to personal attacks. 🔍 Byd, a Chinese automaker, is accused of copying designs from other companies and missing the opportunity to lead China's electric revolution. 05:57 Byd initially planned a starting salary of 13,000 yen for its Shanghai Factory, but it was recommended to slash it to just under 6,000 yen. Byd has been mimicking designs from other companies for over two decades, including Hyundai and Tesla. Byd had the technology, talent, and market to be pioneers in China's electric revolution, but they played it safe and focused on chasing subsidies and marketing dreams. 💰 Owners are concerned about the increased maintenance and expenses of the engine auto start in hybrid models, while BYD's self-reliance strategy has drawbacks in terms of battery performance and financial accumulation. 12:01 The frequent engine starts in hybrid models lead to higher maintenance and fuel costs for owners. BYD's use of its own batteries, including lower-performing lithium iron phosphate batteries, in high-end vehicles leads to a significant accumulation of fixed assets and a debt to asset ratio of 77%.
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  2469. ⛈ Hong Kong experienced unprecedented rainstorms and flooding due to the convergence of a typhoon and monsoonal forces. 00:24 Hong Kong broke seven meteorologic records during the rainstorms. Authorities released flood waters from reservoirs in the middle of the night, worsening the situation. The Hong Kong government notified its citizens only 16 minutes before flood waters were discharged. 🌧 Criticism grows over government's slow response to flood crisis in Hong Kong. 04:45 Over 110 individuals admitted for treatment due to flood-related injuries. Government declared city-wide school shutdown and postponed extreme conditions work arrangements. Outrage over flood release from Shenen into Hong Kong, with accusations of prioritizing own safety. 🌧 The colonial administration and current local authorities in Hong Kong have employed British methods for rainwater and sewage treatment, but there has been a shift in dynamics under the current regime. 09:15 The colonial administration constructed dams and artificial lakes to prevent flooding in low-lying villages. The construction of new satellite towns in the new territories led to the separation of the drainage services department and the water supplies department. Under the current regime, there has been a shift in dynamics with Hong Kong seemingly marginalized and mainland officials adopting a more lax approach to flood management. ⚠ Delay in notifying residents about flood discharge in Shenzen, causing criticism and exacerbating flooding situation. 13:33 Discharge measures began 15 minutes past midnight, a 15-minute delay compared to the communicated time. Shenzen Evening News issued flood discharge notice only 7 minutes in advance. Authorities were accused of purposefully causing harm by releasing water without warning. ⚠ Heavy rain causes road flooding and class suspensions in several towns in Dongan. 17:53 Numerous road tunnels have been submerged, transforming into virtual rivers with water levels reaching chest height in some areas. Various schools, kindergartens, and training institutions in towns such as H and hiier have suspended their classes due to the warning. The Guon Emergency Management Department has advised all departments to seriously address the potential risks of geological disasters and urban flooding.
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  2470. "Successive Road Collapses and Sinkhole Incidents Raise Concerns About Infrastructure Quality and Safety in Shanghai and Nationwide After the New Year" 🚧 Successive road collapses in Shanghai and nationwide after the new year raise concerns about infrastructure quality and safety. 00:00 Multiple road collapses in Shanghai and other areas 00:00 Causes attributed to poor construction and government corruption 00:14 Specific details of road collapses in Shanghai 00:42 Similar incidents in other areas of Shanghai 02:37 Online comments reflecting lack of surprise at ground collapses 02:45 Previous road collapse incidents in Shanghai 02:52 Sinkhole incident in Shanghai with no casualties reported 03:07 ⚠ Series of road collapses in Shanghai and nationwide sinkhole incidents raise concerns about construction quality and soil stability. 03:14 Concerns raised about frequent road collapses in Shanghai, questioning construction quality. 03:14 Geographical location and soft soil composition exacerbate the situation. 03:28 Video shows thin layers of soil used for filling beneath collapsed asphalt, indicating possible shoddy work. 03:42 Ground collapse incidents occurring in Shandong and Fujian as well. 04:10 Extensive ground collapse inside a university building in Shandong, prompting immediate evacuation. 04:18 Experts analyzing the cause of the ground collapse, ruling out foundation and ground compaction issues. 05:29 A sinkhole appeared in a different location on January 5th. 06:07 🛑 Road collapses and sinkhole incidents occur in various locations, raising concerns about infrastructure quality and safety. 06:15 Multiple road collapses and sinkhole incidents reported nationwide 06:15 Concerns raised about the accuracy and transparency of investigations into the causes 06:50 Residents taking preventive measures to ensure safety around collapsed areas 09:00 🚧 Road collapses and sinkhole incidents in China raise concerns about accountability, construction quality, and public safety. 09:26 Heavy traffic and construction in newly developed residential areas may have influenced the collapse 09:26 Residents question the road quality and the existence of a void beneath the collapsed area 10:18 55 sinkhole incidents in China, with 72% caused by human factors 10:38 Unpredictability and lack of early warning measures make ground collapses unpreventable 11:20 Limited accountability and government corruption contribute to handling sinkhole incidents 11:56 Former deputy director highlights the importance of construction compliance with standards to prevent collapses 12:32 ⚠ Road Collapses and Sinkhole Incidents on the Rise in China 12:45 Widespread collapse risk in underground construction 12:45 Government road construction outsourcing involves bribery and corruption 12:51 Bribery in construction bids and kickbacks to officials 12:58 High cost of bribes in road construction projects 13:36 Use of substandard materials and cheap labor in construction projects 14:14 Prediction of increase in sinkhole incidents due to poor quality roads 14:27 Safety concern for people walking on the streets 14:41
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  2476. ! Unemployed woman in China expresses despair over job search and low wages. 00:00 The woman has been unemployed for over a year and is struggling to find a job. She feels less desirable to employers due to being unmarried and childless. The prevailing wage in most cities is between 1,000 to 2,500 yuan. 💰 The Chinese economy's stagnation is leading to a decline in wages and benefits for workers in major cities, causing anxiety and sleep loss. 03:02 Widespread decline in wages across major cities in China, affecting various sectors including finance and technology. High-earning bank executives facing salary cuts of up to 40%, indicating a halting growth trend of the Chinese economy. Significant drop in recruitment salaries in Shanghai and Beijing, with other cities also experiencing wage declines. 💼 The Chinese job market is facing challenges with oversaturation, declining salaries, and job cuts. 05:09 Ride-hailing services, food delivery services, and the real estate market are suffering in China. Many individuals are opting for postgraduate studies and civil service exams due to the challenging job market. The Chinese job market is worse than the official youth unemployment rate, impacting both private and public sectors. 💼 Chinese employees are willing to accept pay cuts of up to 50% due to conservative raises and promotions, government-mandated salary caps, and reduced benefits. 07:56 Chinese businesses are facing dwindling profits and are forced to comply with the government's push for 'common prosperity', resulting in salary cuts and reduced benefits. Top Chinese investment bank CITIC Securities slashed the base salaries of some senior employees by 15% and CICC mandated senior staff to fly economy class and choose the cheapest train tickets. Employees in the financial sector are experiencing reduced bonuses, leading to decreased morale and unmotivated behavior. 📉 The average salary for new employees in industries like electric vehicles, batteries, and solar and wind energy dropped 3.6% year-on-year in June, the most significant decrease since 2015. 10:50 Many job seekers in China are turning to civil service exams and public institution positions for stability, but even these jobs are experiencing salary cuts. Civil servants across China experienced waves of salary cuts in the first half of 2022, with reductions averaging 20-30%. Coastal provinces like Guangdong, Zhejiang, and Jiangsu were most impacted, with some local government officials reporting salary reductions of 25% and one-third.
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  2488. 😔 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.
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  2489. 💥 In November 2023, two of China's Tech Giants, Alibaba Cloud and DD Global, experienced an epic technological breakdown ca u sing chaos among passengers and drivers. 00:07 DD Global's app failed to provide normal services, resulting in chaos among passengers and drivers. The 12-hour technical meltdown resulted in DD Global losing over 4 billion yen in transactions and approximately 10 million orders. The failure originated from a fault in the underlying system software, causing an internal network crash. ⚠ Multiple catastrophic failures in China's tech industry led to widespread disruptions and unemployment. 02:53 Malfunctioned coupon Redemption page led to closure of companies and unemployment Alibaba Cloud suffered breakdown affecting millions and disrupting daily routines Cooling system failure in Alibaba Cloud's Hong Kong data center caused severe outage lasting over 12 hours ⚠ The impact of laying off experienced workers on internet giants and the resulting coding issues and system instability. 05:47 Laying off experienced workers leads to younger teams struggling with complex industry issues. Accumulation of coding issues in internet behemoths is becoming increasingly problematic. High interdependency among software modules due to failure to keep pace with development speed. 💻 Large companies continue using outdated technology to maintain stability, impacting millions of users and leading to substantial commercial losses. 08:24 Tencent still using VS 2006 due to technical issues and loss of historical logs. Alibaba Cloud postpones IPO due to US restrictions on computing power chips. 💡 Chinese tech companies are struggling to keep up with advanced foreign technologies like chat GPT, leading to economic downturn and decline in quality of services. 11:13 Chinese tech companies lack depth of technological accumulation and talent reserves compared to advanced foreign technologies like chat GPT. The decoupling of US from China and restructuring of supply chains has led to economic downturn and decline in quality of services in everyday life. The tense situation in the South China Sea could lead to severing of services with China by Western companies, impacting companies like Dei and Alibaba cloud.
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  2493. 🤢 A video surfaced showing a worker urinating into a vat of ingredients at a beer factory in China, causing outrage among beer enthusiasts. 00:22 The video was taken at the Singa beer factory number three. China has been associated with four modern inventions involving tainted beer, contaminated pickled vegetables, substandard vehicles, and unfinished property developments. The incidents have been jokingly referred to as the 'four misfortunes of life' among Chinese youth. 🍺 The video discusses the potential for a Chinese beer company to capitalize on a controversial opportunity involving urine in their products. 03:44 A man in the electronics marketing industry believes that urinating in food products could be a unique opportunity for the beer company to become popular and successful. The man suggests that if the company can turn this crisis into an opportunity, they can harness the wave of popularity, which is crucial for victory. Not everyone in China supports this idea, as some see it as opportunistic, while others believe it is common for those who uncover problems to be dealt with. 🚗 WM Motors, once a leading electric vehicle company in China, has filed for bankruptcy review amidst reports of battery issues and financial difficulties. 07:22 WM Motors, along with Nio, Xong, and Bon, was considered one of the four small dragons of new automakers in China. Reports of WM Vehicles spontaneously combusting due to battery issues and allegations of locking car batteries without owner's consent have surfaced. WM Motors has filed for bankruptcy, owing back pay to employees and facing complaints from car owners. 💸 WM Motors, a Chinese electric vehicle company, filed for bankruptcy due to a lack of technical research and development, sluggish capital market, and challenges in securing funds. 10:44 WM Motors had only raised a total of 18.8 billion yen and 15 billion yen respectively, falling short of going public. Rumors circulated that the chairman of WM Motors, Freeman Shun, had fled to the United States, leaving behind unpaid wages and inoperable vehicles. During the bankruptcy reorganization process, WM Motors had a total of 3,952 employees. 😢 Many Chinese struggle to afford property due to low incomes, with buying a home representing a lifetime of earnings. 14:44 The late Chinese Premier Lee Kang noted that buying property in China often involves investments of millions of yen, which is a daunting sum for most people. 600 million Chinese earn a monthly income of around 1,000 yen ($137 USD), making it difficult to purchase a home worth about 1 million yen ($100,000 US). EverGrand, a company with unfinished projects across China, has filed for bankruptcy protection in the United States, causing chaos.
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  2494. 💸 The Double 11 shopping festival in China has become more focused on returns and discounts, leading to declining interest and confusion among online shoppers. 00:23 The search volume for Double 11 has been declining since 2017, with this year's figure down 60% compared to last year. Over 80 million products were launched with price matching and a minimum 15% price reduction, but the multitude of discounts left consumers unable to calculate actual savings. Confusion about discounts led some consumers to ask their children for help in calculating the best deal. 📉 Small and medium-sized merchants struggled to earn profits during Double 11 due to competition for online traffic and rock bottom prices. 02:35 Online traffic dominated by large merchants and famous live streamers, forcing smaller merchants to invest in buying traffic. Tik Tok had no traffic due to competition from big live rooms and brand discounts on other e-commerce platforms. Investing in traffic becomes less profitable for small merchants as more merchants do the same. 💰 The popularity of China's Double 11 shopping event has declined due to the rise of new shopping channels and economic challenges caused by the pandemic. 05:31 New shopping channels like P DOA and Tik Tok live streams offer year-round low prices, reducing the appeal of Double 11. Some people blame e-commerce platforms for the economic downturn and express dissatisfaction with shopping culture. The economic recession and unemployment waves in China have led to tighter wallets and a shift towards frugal shopping. 📉 The job search has become difficult for young people and even government officials due to pay cuts and layoffs, leading to a decline in consumption. 10:24 Retail sales in the first 9 months of 2023 grew only 6.8% year-on-year, below pre-pandemic levels. The middle class is cutting back on non-essential spending and opting for more affordable products. Consumers are turning to cheaper alternatives, minimizing social activities, and participating in cashback activities.
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  2495. 💼 Workers at Quin shine Legion Electronics Company Limited in China are facing layoffs and early returns to their hometowns due to a decrease in orders from Apple. 00:12 Many workers have been laid off, prompting an early return to their hometowns over 2 months in advance. Quin shine Legion Electronics primarily manufactures Apple's original equipment for mobile phones and wireless chargers, and is experiencing a significant decrease in orders. A temporary worker at foxcon had to resign due to a decrease in orders, and employees are seen saying goodbye to their former co-workers. 💼 The impact of Foxcon's changes on the Chinese economy and employment. 03:18 Foxcon has cut wages, halted hiring, and relocated production lines, leading to economic downturn in surrounding areas. The closure of nearby restaurants and shops due to the dismissal of temporary workers at Foxcon's factory. Reduction in wages for workers in the Foxcon park in Shinen, leading to closure of physical stores. ⚠ China's economic pressure and geopolitical strategies are causing concern for foreign investors and leading to a push for supply chain diversification. 06:47 China's economic pressure and potential job loss is causing concern for foreign investors Investigation into Foxcon seen as pivotal moment in China's relation with international investors Geopolitical conflicts and pandemic prompting Western countries to reduce dependence on Chinese supply chains 📱 H shingu Electronics is a major manufacturer specializing in smartphones and related accessories, with a focus on exports. 10:02 H shingu Electronics company established in 2015 Ammer International Group, the parent company, has expanded into the smartphone and semiconductor industries China International Supply Chain Fair featured 515 Chinese and foreign Enterprises and institutions 🌐 President Xi Jinping requested the US to cancel unilateral sanctions against China during a meeting in November, with implications for the global supply chain. 13:31 China is trying to reorganize its supply chain in response to US technological and trade sanctions, as many countries have decoupled from the global supply chain that included China. There are challenges for American companies looking to reestablish in China, including whether they can return under US sanctions and what benefits can be gained given China's unchanged policies towards private enterprises. The founder of TSMC believes that globalization is dead and the world is now in an era of geopolitics, with the new US-China economic and trade framework likely to impact high tech and high precision systems.
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  2496. 📉 The combat capability of China's People's Liberation Army (PLA) is only a third of what it appears on the surface due to issues such as formalism, corruption, and lack of combat experience. 00:22 The actual military strength of the PLA may only be a third of its apparent strength. China's J20 stealth fighter faces issues with its domestically produced engine, including a short lifespan and high fuel consumption. The domestically produced onboard generators of the J20 are underpowered, severely impacting the emission power of the aircraft's radar. 🚢 Chinese naval vessels face performance and maintenance issues, including challenges during overseas missions and concerns about the fate of aircraft carriers. 03:55 Chinese naval vessels have performance and maintenance issues, hindering their operation for target practice and maneuvering. The fate of China's three aircraft carriers is a cause for concern, as they could potentially be sunk by the US military within hours in the event of a conflict in China's territorial waters. China faces challenges in submarine construction, as commercially sourced parts from the West do not meet military standards and result in technical defects, frequent malfunctions, and impaired seagoing capabilities. 🔫 The People's Liberation Army (PLA) has inferior weapons and equipment compared to the US Army, raising doubts about its claim to be the world's leading land force. 07:40 The NP22's performance is inferior to the P226, yet it is priced higher. The PLA is armed with outdated rifles and limited numbers of advanced tanks. The PLA may not be able to withstand an attack from the US Army. 📚 Soldiers in the Chinese People's Liberation Army lack initiative and adaptability due to strict orders and procedures, leading to limitations in their skills and career prospects. 11:31 Soldiers in the Chinese People's Liberation Army have little opportunity for initiative and adaptability due to strict orders and procedures. High-intensity physical training plans may lead to long-term injuries and illnesses for soldiers. Many veterans from the Chinese People's Liberation Army pursue careers as bodyguards, security guards, special agents, or urban law enforcement officers. 🔍 China's military lacks originality and adaptability, and its pursuit of form over substance has worsened under Xi Jinping's leadership. 15:42 Military salaries have increased, but overall efficiency and pragmatism may be lower than that of the Indian army. China's defense budget reached 1.45 trillion yen in 2022, but funds are not efficiently utilized. New recruits in remote areas receive a monthly salary of over 4,000 Yen, while soldiers stationed on the India border can earn as much as 12,000 yen per month.
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  2497. 🚧 Brilliant video. A dangerous water gushing incident occurred in the foundation pit of a subway station under construction in Wuhan, leading to localized ground subsidence and the urgent evacuation of residents in a nearby residential tower. 01:14 Screenshots circulated on social media showed the construction manager issuing an emergency notice to evacuate the residential tower. Residents reported cracks in their homes prior to the collapse and had previously notified the community and local authorities. Homeowners were not provided with details about arrangements for evacuation and had no information about government experts being dispatched for collapse. ⚠ Subway construction in China has been plagued by collapse accidents, resulting in numerous deaths and economic losses. 06:59 From 2001 to 2019, there were 239 Subway construction accidents in China, resulting in 289 deaths. The Guangzhou Metro collapse on December 1st, 2019, resulted in three fatalities and a direct economic loss of approximately 20 million yen. The collapse incident was caused by complex geological conditions and factors such as undermining excavation construction. 🚇 Subway construction in China poses significant safety risks and economic costs, but is seen as a symbol of urban identity and financial strength. 14:01 Subway construction accidents in China are primarily caused by inadequate management, lack of safety awareness, worker violations, and geological reasons. The rapid construction of subways in China is closely linked to the booming real estate market, as it increases property prices and brings economic benefits through land sales. Despite the high costs and potential losses, many cities in China are willing to invest in subway construction for the perceived urban prestige and financial benefits.
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  2499. 💰 Truck drivers prefer national roads over highways due to low freight rates and high fuel costs, and toll charges based on weight are unfair to them. 00:01 Truck drivers now mostly use national roads instead of highways for hauling goods. Freight rates are low, and cutting costs is essential for survival. Toll charges based on weight are unfair to truck drivers. 🛣 The construction and opening of a new toll station on National Highway 205 in Jangu province raises concerns about the financial situation and the time it will take to recoup the investment. 04:23 The toll station on National Highway 205 in Jangu province has been completed and is about to start operating. The province is already in debt and spending over 60 million yen on the toll station raises questions. Other provinces in China have also started toll collections at national highway toll stations in recent years. 🏢 Concerns over local government debt risks in China and the need to address unfairness in housing purchases. 07:29 National road tolls and civil servants' salary issues also discussed. Beijing authorities to issue 1 trillion yen in special National Bonds to repay local government debts. Tight local finances remain a problem despite the announced measures. 💰 Civil servants in multiple regions across China have experienced pay cuts ranging from 15% to 20%. 11:06 Civil servants in Jwai saw a yearly income reduction of 60,000 to 880,000 Yen, while those in Shinen experienced cuts between 50,000 to 100,000 Yen. Some areas in Guangong had already started delaying subsidy payments, and Shanghai's Department level officials saw a reduction in their annual salary from 350,000 to 200,000 Yen. In Hong Joo, some organizations experienced pay cuts as high as 40% during the national day holiday in October. 📉 China's population begins to decrease, leading to a decrease in the need for public officials and potential financial strain on the government. 14:43 China's population has started to decrease, marking a historic turning point. The decrease in population leads to a severe imbalance between population and financial support. Civil servants may face pay cuts due to the decrease in population, causing concerns about potential abuse of power.
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  2500. 🐔 A semiconductor factory in China invested in a poultry business due to technical shortcomings and an absence of mass production capability. 00:15 Jiangsu Advanced Memory Semiconductor invested in a semiconductor factory but repurposed it as a poultry farm. The company lacked mass production capability and turned to poultry farming to cover costs. The poultry raised in the farm was served at the VIP restaurant, making it a government guest house. 📚 Professor Ma, a member of Taiwan's Academia Sinica, has close ties with mainland China and has been giving lectures at major institutions in China since 1993. He established Beijing Advanced Memory Technology Company in collaboration with Beijing E-Town International Investment and Development Company in 2009. 03:29 Professor Ma has close ties with mainland China. He has been giving lectures at major institutions in China since 1993. Professor Ma established Beijing Advanced Memory Technology Company in collaboration with Beijing E-Town International Investment and Development Company in 2009. 📉 Advanced Memory Technology faced legal disputes and collapsed, but managed to establish Jiangsu Advanced Memory Semiconductor with the help of the Hawaiian government. 07:13 Advanced Memory Technology received 55 million yen in February 2016, but faced breaches and legal disputes. Jiangsu Advanced Memory Semiconductor was established in October 2016 with the support of the Hawaiian government. Advanced Memory Technology transferred its patents and technological rights to Jiangsu Advanced Memory and relocated its headquarters. 🔍 Advanced Memory's claims of Next Generation data storage and product collaborations have been revealed to be false, leading to legal troubles and a lack of market presence. 10:39 Advanced Memory's production line operations have been hindered by limited material procurement and delayed product launches. Claims of delivering products and collaborations with Chinese entities have been denied and proven unfounded. Shareholders of Advanced Memory have been listed as defaulters by courts multiple times, causing chaos. 💰 Ningbo Advanced Memory is ordered to repay an investment of 55 million Yuan and an additional 8 million yen, after misappropriating government funds. 14:20 Ningbo Advanced Memory used funds from the Hawaiian government to repay their debt after the government's investment disappeared. China Electronics system engineering suffered losses of 230 million yen due to owed payments from Advanced Memory. An equipment supplier has filed a lawsuit against Advanced Memory for not paying 2 million yen.
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  2503. 🏠 Chinese real estate market in crisis with major developers defaulting on debts and government launching affordable housing reforms. 00:00 China's largest real estate developers Grand group and Country Garden have defaulted on debts, leading to financial crises and investigations. The state Council of China passed a plan for affordable housing reforms to address the anxiety of middle income groups and promote real estate industry transformation. Shanghai housing prices plummeted by 51% in the Yu District, signaling a significant drop in the real estate market. 💰 Local governments in Japan have heavily relied on income from land sales, leading to a significant increase in fiscal revenue. 05:10 The average price of land auctions by local governments increased almost 20 fold from 2000 to 2022, reaching 9,119 Yen per square meter. The financial income from land auction transactions reached 70.8 trillion yen, most of which became the revenue of local governments. Local governments heavily rely on income from land sales, which has skyrocketed from 18% to 53% of total fiscal revenue from 2001 to 2019. 🏢 The video discusses the debt ratio of US Real Estate Investment Trust Equity Funds, the key real estate indices, and the impact of China's real estate industry on the economy. 08:49 Debt ratio of US Real Estate Investment Trust Equity Funds is 33.8%. The National Property index has a debt ratio of 44.9%. The rapid development of China's real estate industry led to a decline in real estate investment from 2014. 💰 Chinese families and real estate operators are burdened with massive debts due to the bursting of a speculative bubble in the real estate sector. 13:28 Chinese families are left with enormous debts, equivalent to a mortgage of a house, due to the plundering of the real estate sector. Real estate operators in China are also left with larger corporate debts after the bursting of the speculative bubble. The comprehensive tax burden of real estate companies is estimated to be 15% of sales, impacting their financial situation. 💰 The video discusses the optimistic financial assumptions and challenges faced by property developers in Japan. 17:58 Optimistic financial assumptions and using national average price of 4,000 Yen per square meter for construction costs. Estimating the value of completed projects based on the national real estate market's average price of 10,000 Yen per square meter. The total debt of property developers to date is 67.4 trillion Yen, posing challenges even under the most ideal conditions.
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  2505. ! Getting a driver's license in China can be easy through connections and bribes, but some students are facing difficulties in scheduling lessons and getting refunds due to driving schools going bankrupt. 00:37 Students who have paid but haven't started training are unable to schedule lessons or tests with their driving schools and are not receiving refunds. It is important for individuals to keep evidence of their payments to the driving school in order to claim refunds or compensation. 🚗 Students at a driving school in South Korea are facing delays in their training progress and difficulties in getting refunds due to deceptive practices by the school. 04:39 Instructors at the school have not logged the required hours for students. Students have experienced delays and difficulties in getting refunds at a driving school in South Korea. The school's customer service has stopped responding to messages. 💰 The training process for obtaining a driver's license involves additional expenses and potential bribes, highlighting the focus on money in the industry. 08:36 Additional charges for exam fees, retest fees, and extra coaching fees are considered standard in the industry. Opaque and irregular income sources in the industry include bribing instructors, paying extra for instructor services, and bribes to examiners for passing tests. Students may have to put up with these practices and pay if they want to succeed. 📰 The media reports on allegations and discrepancies surrounding Horas Drive, a driving school in China. 13:58 Horas Drive faced allegations of fraud and connections to a defunct driving school. Warpless Drive asserted its legitimacy but was found to have connections to the defunct driving school. Local transport departments issued warnings about Horas Drive's recruitment practices. 💸 Driving schools in China often spend students' fees in advance, leading to closures and leaving students without completed courses. 18:21 Driving schools set monthly recruitment targets for instructor expansion. Financial chains break when policy changes or a pandemic hits and there are no funds left for continued operation. The driving school industry in China allows for limited liability companies with minimal registered capital, making it difficult to refund large sums to consumers.
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  2507. 📉 China's job market is facing challenges as foreign companies withdraw, resulting in job losses and suppressed wages. 00:00 Finding a job in China is extremely difficult, with 100 candidates for every position. Foreign companies withdrawing from China have had a significant impact on the employment market, leading to job losses and suppressed wages. China's economy is faltering, with little effective stimulus and a weakening yuan. 📉 Foreign direct investment in China has declined significantly, leading to a record net direct investment deficit and a shift in the investment landscape. 04:42 Chinese enterprises' overseas investments have remained steady, resulting in a net direct investment deficit of $34.1 billion. Foreign direct investment in China dropped by 87% in the second quarter of 2022. The risks and political considerations behind investment decisions in China are causing international enterprises to lose confidence and seek investment opportunities elsewhere. 📉 The Chinese government is taking urgent measures to reverse the economic downturn and curb the depreciation trend of the yuan, but faces resistance and declining foreign investments. 08:56 Goldman Sachs predicts the yuan will stay weak despite efforts to slow down depreciation. The Chinese State Council introduced 24 measures to attract foreign investment. Foreign companies are reconsidering their supply chain strategies and withdrawing business from China due to regulatory measures and political factors.
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  2508. 💼 Unemployment and business closures in major Chinese cities are leading to a mass exodus of migrant workers returning to their hometowns in search of new opportunities. 00:00 Unemployment and business closures in major Chinese cities Shanghai's train station overcrowded with people leaving for hometowns Factories in Shanghai quiet due to foreign investment pullout 👋 Migrant workers in Beijing are leaving early due to job loss and economic challenges. 03:30 Many migrant workers are leaving Beijing early, expressing strong emotions as they depart. Unemployment and unfavorable economic environment in Beijing are causing middle-aged workers to return home early. Entrepreneurs in the catering industry are also facing challenges, leading to early departures from Beijing. 😞 The challenges of unemployment in China's top tier cities and the high cost of living. 06:22 Unemployment and difficulty finding work in top tier cities High cost of living in big cities leading to financial strain Disappearance of job opportunities in Beijing's internet industry 🏠 The high cost of housing in Shenzhen is closely tied to access to education and healthcare, making it a necessity for residents. 09:37 Shenzhen has surpassed Beijing as the most expensive city for secondhand homes among first tier cities. Public resources such as education and healthcare in Shenzhen rank among the lowest compared to other major cities. Rental prices in Shenzhen have also been rising dramatically, posing challenges for many young people. 💼 The video discusses the impact of unemployment on the Chinese workforce, particularly in the manufacturing sector, and the government's response to the issue. 12:54 Unemployment in the manufacturing sector is breaking records, drawing international attention. The Chinese government has stopped releasing unemployment data and the lives of the people have fallen into despair. China's Consumer Price Index has seen a significant decrease, marking the largest drop in the past 3 years.
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  2509. 🗳 Visitors can experience and participate in a simulated version of the National People's Congress at Hanzo's People's Democratic Experience Center using VR technology. 00:06 Hanzo's People's Democratic Experience Center allows visitors to virtually experience the National People's Congress The center was inaugurated by high-ranking party officials and aims to showcase the Chinese style of democracy A video clip of the virtual experience sparked online discussions and amusement among internet users 📺 VR technology used for communist education in China faces challenges and companies begin to falter. 03:01 VR technology used to deepen educational outcomes of party members Developmental difficulties and economic slowdown affect VR companies in China Parent company of TikTok plans staff reductions for its VR company 📢 Pico announces significant layoffs and organizational adjustments in response to slow progress in the VR industry. 06:05 Pico's president announces layoffs and substantial personnel adjustments in gaming, video, and live broadcast teams. Pico plans to merge its mobile OS team into product research and engineering organization, affecting over 300 employees. The organizational structure adjustment aims to focus on long-term exploration and breakthroughs in hardware and core technology. 💰 Pico's performance in the VR market was not too bad, but the entire industry faced a steep decline. 08:39 Pico reached approximately $2.75 billion in revenue for every Pico device sold. Pico's domestic VR market share reached 70% and its global market share increased from 1% to 11%. The VR industry faced a steep decline with a 51% year-on-year decrease in sales volume. 😔 The future of Enterprise Pico and its metaverse project is uncertain after facing challenges and downsizing. 11:46 Enterprise Pico has shrunk from 2,000 employees to less than half its building. B Dan has faced growth challenges, including layoffs and conflicts within the HR department. Tik Tok, a subsidiary of B Dan, has also faced hurdles in the US due to security concerns.
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  2515. 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.
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  2516. 💰 China is facing financial turmoil as wealthy individuals are being targeted for high taxes, leading to a potential exodus of entrepreneurs and economic instability. 00:20 Party officials in China are targeting wealthy individuals for high taxes, leading to a choice of handing over 20% of their assets or risk a full tax audit. The Chinese Ministry of State Security published an article highlighting the risks and challenges to financial security, including attempts to create disturbances for profit and shake international confidence in investing in China. Wealthy Chinese individuals are reconsidering their financial situation under the new circumstances, potentially leading to an exodus of entrepreneurs and presenting new challenges to maintaining financial security. 💰 China's outward investment has surpassed foreign direct investment by 20.6%, reaching an astonishing 60% of the cumulative trade surplus. 04:13 China's outward investment surpasses foreign direct investment by 20.6% The total scale of China's outward investment compared to the cumulative trade surplus reaches 60% Private enterprises and foreign funded enterprises account for a significant portion of the massive investment 💰 The video discusses the actual utilization of foreign capital by industry in China from 2005 to 2022, focusing on direct investment by foreign entities. 08:17 Direct foreign investment in China's financial sector was nearly $96 billion in wholesale and retail, $62.11 billion in business services. China's ODI in the financial sector was $3.9 billion more than triple the size of foreign investment in the same sector in China. The large investment in the financial sector raises questions about its actual deployment and the presence of Chinese banks and securities firms abroad. 💰 The top echelons of power in China are using foreign investments for money laundering and to accumulate significant foreign wealth. 12:05 China's foreign investments primarily represent asset transfers by the top CCP Elites and are substantially comprised of fake investments, mostly laundered overseas. 57.7% of China's foreign investments are channeled through Hong Kong, a critical hub for money laundering activities, with significant amounts also directed to the British Virgin Islands and the Cayman Islands. China's direct investment in Hong Kong amounted to $1.6 trillion in 2022, primarily distributed across key sectors like leasing and business services, wholesale and retail, and the financial sector. 🔍 An investigation by the European Union reveals Xi Jinping's family's involvement in the electric vehicle industry and profiting from subsidies. 15:49 Xi Jinping's family is expanding the electric vehicle industry and profiting from subsidies and construction of new factories. Daniel Foa, the foreign son-in-law of Xi Jinping's family, is involved in the industry and was appointed to a board in China. The Chinese Communist Party aims to dominate the global electric vehicle market with the support of CCP Elites, resorting to price wars.
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  2517. "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
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  2518. 🏭 Daido Electric, a large Japanese company in Suzhou, announced its withdrawal from the region, raising concerns about the decrease in high-quality employers. 00:16 Daido Electric offers competitive salaries and benefits to its employees. All due compensations for Daido Electric employees have been fulfilled. Foreign companies in Suzhou have been relocating or shutting down in recent years. 📉 Suzhou's economy is declining, with a low GDP growth rate, significant declines in pillar industries, and a decrease in foreign trade. 03:37 Suzhou's GDP growth in the first quarter of 2023 was only 1.9%, ranking it second-to-last among China's top ten cities. All four of Suzhou's pillar industries saw significant declines in GDP, ranging from 6.2% to 17.4%. Suzhou's import and export values decreased by 15.4% in the first quarter of 2023, with exports falling by 10.7% and imports by 22.1%. 📉 Japanese companies are reducing their presence in China due to labor regulations and domestic policy opacity. 07:06 Honda and Mazda are considering moving their production capacity out of China. The number of Japanese enterprises operating in China dropped to a ten-year low of 12,700. 2,176 companies have left China or their whereabouts are unknown, with 116 firms declaring bankruptcy or closing down. 💥 China's ban on Japanese aquatic products strains China-Japan relations and leads to the exit of Japanese enterprises from China, while confidence of European and American businesses in China hits a low. 10:29 Chinese authorities imposed a comprehensive ban on the import of Japanese aquatic products due to nuclear wastewater treatment issues. American businesses' confidence in China continues to deteriorate, with 40% of American companies planning or already shifting their investments from China to other countries. European and American businesses' confidence in China hits its lowest level in years, with Southeast Asia being the preferred alternative destination for investments. 📉 Mainland China's isolationist policies and deteriorating business environment are causing increasing challenges for foreign and private Chinese enterprises. 13:58 International supply chains are rapidly moving out of China, leading to a deteriorating operating environment for businesses. Many businesses in China are facing bankruptcy or closure, resulting in a harsh economic environment. Property owners who bought commercial spaces in China are suffering huge losses due to high debt ratios. Let's Chat QnA! 🤿
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  2532. Talmudic Teachings The Talmud, a central text in Rabbinic Judaism, contains numerous references to the Messiah, highlighting his exalted status and crucial role in the redemption of Israel. Here are a few key insights: Sanhedrin 98a: This passage discusses the different names and attributes of the Messiah, including references to his suffering and ultimate victory. It suggests that the Messiah will endure hardships but will ultimately bring salvation. Berakhot 34b: This part of the Talmud emphasises the Messiah's role in bringing a period of universal peace and divine knowledge. It highlights that the Messiah will lead to the fulfilment of God's promises to Israel. Sanhedrin 97a: This passage speaks of the signs and times leading up to the arrival of the Messiah, emphasising his role in the ultimate redemption and restoration of Israel. Midrashic Teachings The Midrash is a collection of rabbinic commentaries and interpretations on the Hebrew Scriptures. Various Midrashic texts explore the Messiah's divine attributes and mission. Some key points include: Midrash Tehillim (Psalms) 21:1: This text describes the Messiah as a divine figure who will sit at God's right hand and rule over all nations, highlighting his eternal kingship. Midrash Rabbah on Genesis 49:10: This passage interprets the prophecy of Jacob, suggesting that the Messiah will come from the tribe of Judah and reign forever. It emphasises the divine nature and eternal rule of the Messiah. Midrash on Isaiah 11: This text describes the Messiah as a righteous and divinely anointed king who will bring justice and peace to the world. It underscores the Messiah's role in defeating evil and establishing God's kingdom on earth. The Messiah and Gog and Magog The battle of Gog and Magog is an eschatological event described in Jewish teachings, particularly in the book of Ezekiel (chapters 38-39). According to these teachings, the Messiah will play a pivotal role in defeating Gog and Magog, who represent the forces of evil and chaos. This victory will herald the final redemption and the establishment of God's eternal kingdom. Additional Jewish Teachings Jewish teachings, including those from Rabbi Alon Anava, emphasise that God Himself will come down to the world to defeat Gog and Magog. According to these teachings, both the Messiah and God will work together to defeat Satan and Gog and Magog, marking the ultimate triumph of good over evil. Summary In summary, the Talmud and Midrash offer rich and varied teachings about the Messiah's nature, attributes, and mission. These texts collectively highlight the Jewish anticipation of a divine Messiah who will reign eternally, bring peace and justice, and play a crucial role in end-time events, including the defeat of Gog and Magog. Jewish teachings also emphasise that God Himself will come down to the world to defeat Gog and Magog, and together with the Messiah, they will bring about the final redemption.
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  2549. 🌍 John Mearsheimer, a professor at the University of Chicago, discusses his views on power and the nature of global politics in his book The Tragedy of. 00:07 John Mimer teaches, speaks, and writes about power and war on the global stage. He aims to decrease suffering by revealing our common humanity. Mimer believes that truth and love ultimately prevail. 🌍 The video discusses the Democratic peace Theory and the realist perspective on international politics. 16:11 Democratic peace Theory suggests that democracies are more inclined towards peace, while the realist perspective argues that superpowers seek power through war. To support Democratic peace Theory, one must argue that liberal democracies have a mutual respect and can assess each other's intentions. 🔍 The video discusses the decision-making process of Germany during World War II and the resistance faced internally. 32:23 Germany faced resistance internally before invading Poland, France, and the Soviet Union. There were doubts and resistance within the German Army before attacking France in 1940. 🔴 NATO expansion into Ukraine in 2008 was a disaster that led to war with Russia. 48:52 NATO expansion into Ukraine in 2008 resulted in a war between Georgia and Russia. Angela Merkel opposed NATO expansion into Ukraine because she believed it would be interpreted as a declaration of war by Putin. 🔍 The United States and Britain's involvement caused the failure of negotiations between Zalinski, Putin, and Bennett. 1:06:49 The United States and Britain told Zalinski to walk away from negotiations with Putin and Bennett. 🎙 The speaker discusses the importance of Ukraine's neutrality and its potential impact on the division of the country, as well as the relationship between Russia and China. 1:22:53 The speaker questions what Russia's relationship with China would be like if the United States had not driven them into each other's arms over the conflict in Ukraine. The speaker emphasizes the importance of hope and trust for deescalation and peace. The speaker mentions advocating for different policies to prevent the current situation. 🔥 The recent attack by Hamas on Israel was driven by the suffocating occupation and the Palestinians' resistance. 1:38:45 The main reason for the attack was the suffocating occupation and the Palestinians' resistance. The attack was not surprising considering previous Palestinian uprisings. Speculations about the attack being related to the Abraham Accords are not the main driving force. 🤝 The speaker discusses the challenges of achieving a two-state solution between Israel and Palestine due to the deep divisions and ongoing conflict. 1:54:36 Convincing both Israelis and Hamas of the benefits of a two-state solution is necessary for progress. The intense hatred fueled by the ongoing conflict makes it difficult to imagine a successful two-state solution at this time. The speaker expresses skepticism about the possibility of a two-state solution in the current circumstances. 🗣 The speaker discusses the charge of anti-Semitism and its impact on discussions about Israel and the two-state solution. 2:10:31 The speaker calls the charge of anti-Semitism the 'Great Silencer' and emphasizes that no one wants to be labeled as an anti-Semite. The speaker suggests that discussing these issues earlier could have helped in finding a two-state solution. Criticism of Israel and the lobby can sometimes be seen as a dog whistle for anti-Semitic conspiracy theories. 😠 The speaker discusses the use of the situation in Palestine as a recruitment mechanism for terrorist organizations and compares the reactions of Israel and the United States to acts of terror. 2:26:37 Terrorist organizations have used the situation in Palestine for recruitment purposes. Both Israel and the United States react with anger and violence to acts of terror. There is a lack of capacity within both countries to respond with understanding and non-violence. 🚨 The speaker discusses why it is crucial for the US to prevent China from taking Taiwan due to the negative impact it would have on the alliance structure in East Asia. 2:42:57 Letting Taiwan go would damage the alliance structure in East Asia, which is essential for containing China. The US needs to defend Taiwan to maintain the trust and support of its allies in the region. Containing China is a challenging task, and the US cannot afford to weaken its alliance structure. 🌍 The speaker discusses the realist perspective of viewing the world as a competition of military powers and the potential for achieving stability through a balance of powers. 2:58:10 The United States should pursue a smart containment strategy to avoid war. During the Cold War, the United States pursued both containment and rollback policies towards the Soviet Union. 🌍 Immigration is what made America great and the country has been successful in integrating immigrants. 3:12:56 Immigration is a manifestation of America's immigrant culture. The United States has been successful in integrating immigrants and helping them flourish. Sam Huntington's book 'Who Are We' has a fundamental flaw in its argument about large numbers of Hispanics in the country.
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  2566. 🎥 Elon Musk discusses the role of war and military conquest in empires throughout history. 00:50 War and military conquest have been a significant part of most empires and dynasties throughout human history. The Roman Empire celebrated excellence in warfare and had many excellent generals. 🎖 Many people in the US lack a visceral understanding of the horrors of war, unlike those on the frontlines in Ukraine and Russia. 11:10 The speaker's grandfather was severely traumatized by his experience in World War II. The speaker's grandfather was not eligible for officer status due to not finishing high school. The speaker's grandfather was categorized as a cannon fighter. 🌍 The video discusses the inevitability of conflict between dominant powers and the impact of economic strength on war. 21:31 Athens and Sparta couldn't avoid a clash despite seeing it coming. The United States has been the most powerful economic engine since 1890. China's economy is likely to surpass that of the US, leading to potential conflict. 🌍 Acts of kindness can be an antidote to the cycle of reciprocal violence. 32:45 After World War II, instead of crushing the losers, the Marshal Plan was implemented to help rebuild Germany and other countries. Conspicuous acts of kindness can stop the cycle of reciprocal violence. Grock AI assistant, an incredible engineering work, was recently released. 🤔 The video discusses fundamental questions about consciousness, emotions, and the existence of a soul. 42:56 There may be more to consciousness and emotions than just atoms bumping into each other. AI may play a role in discovering the nature of consciousness and the soul. The existence of thoughts, actions, and feelings in humans is a compelling illusion that needs further exploration. 🤔 The speaker discusses the idea of a simulation and suggests that higher beings may create simulations to see what happens. 53:44 The purpose of a simulation may be to observe the outcomes and see what happens. Humans create simulations to understand and predict outcomes, such as with rocket launches. Simulations are necessary when testing something that cannot be directly observed or tested. 🌍 The video discusses the potential dystopian effects of AI and compares it to the societies depicted in '1984' and 'Brave New World'. 1:05:29 The drug called Soma mentioned in 'Brave New World' is actually a real muscle relaxant used for treating pain and discomfort. ⚡ The growing demand for electricity for electric vehicles and AI is leading to an electricity shortage, and the challenge lies in maximizing the useful productivity per watt for training NE nuts. 1:15:30 The limiting factor to progress in this domain is silicon chips, and there will soon be more chips than can be plugged in and turned on. The initial constraint is voltage step down Transformers, as power needs to be stepped down from 300,000 volts to around 7 volts. 🔍 The speaker discusses their bias towards open sourcing and their concerns about AI safety. 1:24:59 The speaker believes open sourcing is important but is concerned about the lack of AI safety focus in companies like Google. The speaker mentions their discussions with Larry Page about AI safety and how Larry did not care about it. The speaker highlights Google's acquisition of DeepMind and their abundance of AI researchers and resources. 🎥 AI can analyze movies and recommend them to users with high accuracy, surpassing the recommendations of friends. 1:35:27 AI can analyze movies and act as a movie critic or TV series to recommend movies to users. The AI's recommendations are based on analyzing hundreds of millions of movies and shows, making it better than friends' recommendations. Advertisements can be personalized and well-done, funding the AI's services. 📚 Community notes is a collaborative platform where people with historical disagreements can come together to create context for different subjects. 1:45:26 Community notes allows people with past disagreements to collaborate and create context for different subjects. In order for a community note to be shown, people who historically disagreed must agree on the subject. Community notes is not hierarchical like Wikipedia and could potentially challenge it. 🤔 The speaker discusses the battle against the woke mind virus and their political stance. 1:55:52 The speaker perceives the woke mind virus as left-wing, but acknowledges that there are good aspects of the left. The speaker expresses uncertainty about their current political alignment and their desire for a positive future and empathy for others. The speaker describes their political stance as left of center on social issues and right of center on economic issues. 💡 Tesla's approach to AGI is fundamentally more computer efficient and will understand the real world faster than LLMS. 2:06:19 Tesla's approach to AGI is more computer efficient. Tesla's approach is constrained by energy efficiency. Understanding the real world faster than LLMS.
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  2662. 💼 WeWork, the office leasing company, has filed for Chapter 11 bankruptcy protection. 00:30 WeWork's bankruptcy filing was largely expected due to doubts about the company's ability to stay in business. The company's failed IPO in 2019 raised questions about its longevity. WeWork's bankruptcy is not a significant event in 2023. 🏢 WeWork's business model was not sustainable due to lack of demand and high costs. 03:46 WeWork never earned a profit and had ambitious growth targets. WeWork leased properties for long terms but rented them out on a month-to-month basis. The target customers of WeWork were startups and entrepreneurs. 💼 The office leasing company WeWork faced challenges when trying to go public after rapid expansion with support from SoftBank. 06:54 WeWork reached 528 locations across the world and a $47 billion valuation in 2019. When WeWork filed for IPO in 2019, their statements were heavily criticized and met with skepticism. 😔 WeWork has filed for Chapter 11 bankruptcy protection, giving the company an opportunity to reemerge but at a significantly smaller size, while public investors face potential losses. 10:06 Chapter 11 bankruptcy allows WeWork to continue operating while relieving some of its liabilities. The company has renegotiated leases and converted debt into equity, reducing future rent payments. Public investors have suffered significant losses, with the stock down 99% and shares potentially becoming worthless. 💼 The video discusses the consequences of low interest rates on venture capital and the risks associated with investing in unsustainable companies. 13:38 Low interest rates allow unsustainable companies to last longer and investors to be less diligent. Investors are incentivized to take on more risk due to the lack of opportunity cost. Rising interest rates trim the fat and expose unsustainable businesses.
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  2698. 📈 The video discusses the possibility of another banking crisis in 2024 and includes announcements about the creator's recent activities. 00:10 The BTFP may be pointing to another banking crisis in 2024. The creator made announcements about their recent activities, including a trip to Switzerland and an upcoming interview. The creator thanked the viewers for their support over the past year. 💰 The video discusses the impact of rising yields on treasuries and the actions taken by the FED to help banks in trouble. 02:49 Depositors became worried as long-term treasuries decreased in value, some by 50% The FED offered loans to banks and allowed them to borrow money to pay out depositors or lend further Banks may have artificially inflated loans and lent out the money multiple times over ⛏ The speaker discusses their perspective on the stock market and their preference for investing in commodities and hard assets. 05:44 The speaker believes in investing in what one knows, such as their own business or family. They express a preference for investing in commodities and hard assets over paper assets. 📈 The video discusses the current status of spot gold, the weakening of the dollar, and potential future actions of the Swiss National Bank. 08:15 Spot gold is currently at 2072, showing bullish signs if it closes above 2070. The dollar is weak, especially against the Swiss franc, and the Swiss National Bank may cut rates or start QE in the future. 💰 The video discusses the performance of various currencies and commodities in the market. 11:17 Swiss franc and Singapore dollar are the best performing currencies. The US dollar is down against the Euro and other currencies. Commodities like WTI Crude and Brent are showing slight increases in value.
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  2730. 📈 The video discusses the potential reasons behind an orchestrated collapse and its impact on the market. 00:00 The orchestrated collapse may be used as a proxy for a profitable war or to justify certain actions. The interview is part of a series of Christmas special interviews with Francis Hunt, also known as the Market Sniper. The discussion emphasizes the importance of not getting sucked into the financial impact of contrived geopolitical events. 📉 The video discusses the impact of cutting rates on valuation and the debt market. 06:07 Cutting rates leads to a decrease in valuation and affects the debt market. The proliferation of debt and its impact on value is often overlooked in discussions about the economy. The decrease in income and increase in borrowing create challenges for the economy. 💰 Central bankers are setting up alibis for an impending spike in interest rates and are trying to push people into debt despite the looming devaluation. 11:53 Central bankers are establishing alibis for an interest rate spike and are trying to push people into debt Physical assets are recommended over putting money into debts and saving accounts Inflation rate serves the purpose of devaluing debt, despite the reported low inflation rate 📈 The video discusses the price of TLT, an ETF matching 20-year treasuries, and the possibility of a market correction. 18:07 TLT is an ETF that matches 20-year treasuries, and there is discussion about a market correction. There is a debate about whether the market could go further up or if it is near the top. The video mentions a correct call on bond strength and the potential for a market correction. ⬆ The video discusses the performance of bonds and commodities in the market, with a focus on coal and energy production. 24:10 The speaker considers coal to be a superior investment compared to debt instruments like bonds. There was a projected head and shoulders pattern in the market, followed by a rally and subsequent decline. The market experienced a sustained period in the 100 to 108 range, with the formation of a rising wedge pattern. 📰 The video discusses China's financial strategy and its impact on the global economy, including the role of the US and other nations. 29:50 China is focused on maintaining its wealth by investing in gold and physical assets, while reducing its holdings of US debt. Japan and Britain have become buyers of US debt, with the Bank of Japan under the control of the Federal Reserve since World War II. The video suggests covert control of the global financial system by the US, UK, and compliant nations, with America as a major player. 🔒 The video discusses concerns about a surveillance financial system and lack of privacy. 35:50 The creators of the surveillance financial system are accused of being involved in hacking and crypto theft. The system would result in no privacy and public disclosure of financial information, as seen in Norway. 🦆 The video discusses a rigged derivative market game involving a duck and a prize fighter, leading to unexpected outcomes. 41:49 The rigged derivative market game involves a duck and a prize fighter with a significant amount of money at stake. The mafia and betting syndicates are involved, leading to the duck winning and the mafia making a significant profit. The rigged system of derivative markets and tokenization of assets create a globalized grid with powerful control over ownership and utilisation. ⚔ A confrontation escalates when one person crosses a line and challenges the other. 47:34 Confrontation escalates when one person crosses the line Predicts a dip below 2000 and specifies potential levels 💰 Discussion on the potential for a 'melt up' in the price of gold due to the significant increase in currency in the system. 53:20 The speaker believes that a 'melt up' in the price of gold is inevitable due to the astronomical amount of currency in the system. Despite the significant increase in currency in the system, the price of gold has remained relatively unchanged for the past 12 years. The speaker highlights the historical relationship between currency issuance and gold, suggesting that the current situation is unprecedented. 🔮 The video predicts chaos and confusion in the market, with a potential increase in gold prices and a lack of official markets. 59:21 Prediction of chaos and confusion in the market Forecast of potential increase in gold prices and lack of official markets Expectation of desperate buyers offering high prices for gold 📉 The video discusses uncovering hidden corruption and the technical analysis of silver and gold. 1:05:14 Uncovering hidden corruption and rot within the system Technical analysis of silver and gold 📉 The speaker discusses the potential for a shift in the market direction and its impact on gold, silver, and cryptocurrencies. 1:11:18 Potential for a shift in market direction and impact on gold, silver, and cryptocurrencies. Alerts set for potential market changes. Prediction of a demand destroying event and potential narratives.
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  2842. 📺 Debunking Jeff Christian's knowledge of the Futures market and discussing the reluctance to short gold and silver. 00:20 The speaker has 19 years of experience in the Futures Market as a broker. Jeff Christian admits that nobody is willing to short gold and silver. Apology for the absence of a live stream due to having friends over for lunch. 📊 The speaker discusses their background in the securities and futures industry, including their experience with ABN Amro and Mint. 05:02 The speaker worked for ABN Amro and Mint in the securities and futures industry. They started their career when the Securities and Futures Authority (SFA) was in place, which later became the Financial Services Authority (FSA). They have worked with clients such as CDC and ARA in the past. 📉 The speaker challenges the idea that market makers are responsible for the large short position in the Futures market. 10:07 Market makers in the Futures market are not responsible for the large short position. The speaker challenges Jeff Christian to prove the existence of market makers in the Futures Market. 📉 The speaker discusses the reasons behind the huge short position in gold, including central banks manipulating the price. 15:03 Central banks and bullion banks predict gold prices conservatively to manipulate the market. Jeff Christian, who worked for J Aaron, which was Goldman Sachs' bullion trading arm, has ties to Robert Rubin, former Secretary of the Treasury. Leasing and shorting of gold by central banks is used to manipulate the price. 📉 The speaker discusses the manipulation of the gold market by the LBMA and Jeff Christian, and how central banks use this manipulation to normalize their inflation and debt policies. 19:51 The big Chinese banks are leaving the LBMA as they know it is a fraudulent market. The December gold Futures settle below $2,000 to portray inflation and debt policies as normal. The manipulation keeps investors away by suggesting that everything is fine.
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  2895. 📚 Mario discusses the possibility of a revolt in the UK and provides book reviews on historical rebellions. The books are reasonable though nevertheless fictional novels. 00:12 Mario explores the history of English rebellions and the hierarchical nature of society. The What Tyler peasant revolt of 1381 is discussed. Mario mentions the controversial topic of *ULEZ* in London. 📜 The Rebellion against Richard II's government was characterized by anti-aristocratic sentiment and the belief that Christ was on their side. 09:12 The Rebellion was led by Tyler and Ball, who marched towards London to join the demonstration against Richard II's government. The rebels regarded Richard II as a victim of corruption. 🚗 New charges for non-compliant vehicles traveling to Heathrow Airport will be implemented 24/7, except on Christmas Day. 18:03 Charges will be applicable to vehicles entering the zone at 11:30pm and leaving an hour later, with payment required for both days. People with jobs requiring driving, who cannot afford to change their cars, will face difficulties. The scheme started last week, with a 2,000 pound scrappage incentive for changing cars. 📚 The Shardlake series follows the adventures of lawyer Matthew Shardlake during the reign of King Henry VIII. Sovereign is the 3rd book in the series (there are currently 7 and an 8th shall be released soon) and follows after Dissolution and Dark Fire. 24:28 King Henry VII goes on a progress to York and Shardlake undertakes a special mission for Archbishop Cranmer. King Henry VIII is wooing Catherine Parr and Shardlake is working on a case in Bedlam. England is at war with France and Shardlake investigates a legal case involving corruption in the court of wards.
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  3077. Worsening Economic Scenario Calls for Modi Government's Shift in Focus to Commerce Ministry in India 📈 It is time for Prime Minister Modi to prioritize the Commerce Ministry in economic policy due to international trade concerns and declining exports and imports. 00:14 The Commerce Ministry should assume pole position in economic policy due to larger economic ramifications of international trade concerns. 00:14 Prime Minister Modi should stress the difference between agility and skittishness in the Commerce Ministry's actions. 00:53 India is facing a decline in both merchandise exports and imports over the past 8 months, disproportionately affecting MSME exporters. 01:22 The decline in exports is largely due to the global economic slowdown, while the decline in imports raises concerns about manufacturing and consumption. 01:53 India saw high double-digit growth in petroleum exports in 2021-22 due to post-pandemic European exuberance and cheap Russian crude oil imports. 02:25 📉 India's merchandise export growth has contracted for the last 7 months, largely due to Europe's struggling economy and India's trade policy decisions. 03:18 India's merchandise export growth has contracted for 10 out of the last 12 months. 03:18 60% of India's merchandise exports are accounted for by msmes, which are directly affected by the decline. 03:36 India's decision not to join the regional comprehensive economic partnership (ARP) has impacted its export opportunities. 04:08 Asia's share in India's export destinations has fallen from 47% to 38%. 05:14 India should consider export incentives directed at Asian markets or diversification towards Africa and South American countries. 06:16 💡 The video discusses the importance of India's pivot in its economy, the decline in imports, and the impact of geopolitical issues on the country. 06:50 The decline in both oil and non-oil imports should be a concern for the government. 06:50 Geopolitical issues, such as oil prices and supply disruptions, directly affect India's economy. 07:34 Costlier oil impacts government finances, inflation, foreign exchange reserves, and corporate profitability. 07:58 India should prioritize securing favorable oil prices and not rely on autopilot. 08:22 India needs to pivot quickly from exporting to Europe to exporting to Asia. 08:38
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  3119. 💡 South Africa's electricity crisis has led to widespread damage and corruption, with Eskom struggling to keep the lights on. 00:00 The damage caused by load shedding has been incalculable, and corruption within Eskom has been uncovered. Eskom, responsible for 80% of South Africa's power, is struggling to manage its capacity and keep the lights on. The country has been suffering from an ongoing electricity crisis for 15 years, with no end in sight. ⚡ The video discusses the challenges and history of Eskom, South Africa's electricity provider, and the efforts to improve energy availability. 04:29 Eskom is facing challenges with load shedding and debt relief, and is working to improve energy generation and performance. Eskom was originally created in 1923 to support South Africa's industrialization, and has made efforts to connect more households to the grid. After Mandela's release, there was hope for a bright future for South Africa, and efforts were made to improve electricity access for more households. 🔦 The video discusses the challenges faced by Eskom, a major company in South Africa, and the CEO's determination to address them. 09:36 The CEO saw appalling housekeeping and neglect at a flagship Eskom plant. A friend described Eskom as the biggest criminal syndicate in South Africa, which the CEO later admitted may have been accurate. Eskom is a mega company with a mega footprint and budget. ⚡ A South African small business owner discusses the impact of electricity shortages and crime on his community. 13:44 The struggle of working without electricity and the inability to afford a generator The impact of crime and drugs on the community, leading to the relocation of children to rural areas The increase in crime and drug use due to load shedding, leading to unemployment and desperation ⚡ The video discusses the political interference and dysfunction within Eskom, South Africa's energy company, and the controversy surrounding the CEO's resignation. 18:25 Political interference and dysfunction within Eskom Accusations of treason against the CEO Controversy over moving away from coal to renewable power ⚡ The video discusses the impact of reforms in South Africa's energy sector, leading to a surge in private sector renewable energy projects and the need to transition to cleaner sources of electricity generation. 22:57 The cap on embedded generation was lifted, allowing private companies to generate power at any scale. Reforms have led to an increase in private sector renewable energy projects and a more open, competitive, and decentralized market. Developed countries are offering financial assistance to transition away from coal power to cleaner sources of electricity generation. ⚡ The ShopRite group uses a combination of solar PV panels, diesel generators, and power purchase agreements to secure electricity for their stores. 27:56 The group relies on solar PV panels and diesel generators to provide electricity for their stores, with diesel representing 15-20% of their electricity usage. They have over 1,800 generators that support the stores during load shedding, automatically synchronizing with the mains to provide electricity. The private sector is leading in using renewable electricity to decarbonize operations, be resilient against load shedding, and pay a lower price for electricity.
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  3161. 🔒 The video discusses the FTX fraud verdict and the need for paranoia in the current economic landscape. 00:22 Executives believe a recession is coming and debt levels are high. FTX founder Sam Bankman-Freed was convicted on all seven counts of fraud. The current economic situation is unstable and unsustainable. 📝 A person discusses a conversation with someone about potentially hiring a speaker for an event. 10:13 The person mentions wanting to hire Andy Fastow, the former CFO of Enron, as a speaker. 🏢 The speaker discusses the financial crisis of 2008 and its impact on the housing market. 19:26 The speaker made $48,000 last year. The housing market experienced a high rate of foreclosures in Riverside County. A loan program from Australia caused problems when it was introduced in America. 📉 The economy is unstable and burdened with debt, despite two major printing events since 2008. 29:26 Individuals, corporations, and the nation are all in significant amounts of debt. The economy becomes unstable when people go into debt. Despite the instability, the economy has not yet experienced a significant downturn. 💰 Learn how printing money affects the economy and how it can be used to achieve personal goals. 39:12 Printing money leads to the devaluation of currency and shrinking of the economy. Impact Theory University offers mindset and business programs to help achieve personal goals. Buying assets is a way to inject newly printed money into the system. 📱 China's resentment towards India and Apple's challenges in the smartphone market. 48:55 Tim Cook lost $350 billion in Apple's valuation due to iPhone 15's performance and China's actions. China is unhappy with Apple giving business to India despite selling more iPhones in China. China's interest in Taiwan is driven by their specialization in building advanced semiconductor chips. 📈 The speaker finds the baseball card market fascinating and emphasizes the importance of being cautious and taking advantage of opportunities in times of volatility. 57:59 Understanding the baseball card market helps in identifying good deals. Being cautious and taking advantage of opportunities is crucial in times of volatility. Sitting on a lot of cash may indicate a strategic move by some investors. 🎲 Success is a game of mixing optimism and paranoia, and it's important to have a constant sense of uncertainty. 1:07:05 Poker players have a similar mentality to cryptocurrency investors, as they both enjoy the thrill of taking risks. To be successful, it is necessary to mix optimism and paranoia, and to constantly be aware that things could go wrong. During times of massive uncertainty, it is important to figure out how to navigate and make decisions. 📢 The speaker discusses the importance of social media as a platform for sharing thoughts and opinions. 1:16:49 Social media is seen as a great equalizer that allows people to question and challenge those in power. The speaker emphasizes the need for individuals to use social media to share their thoughts and opinions. The speaker compares the situation to a poker game and suggests that those in power are bluffing and trying to control the narrative. 🔑 The speaker expresses disagreement with someone about libertarianism and the impact on their children. 1:26:17 The speaker argues that someone's actions are negatively affecting their children. The speaker suggests that the person may not truly be a libertarian. The speaker discusses the fear of losing social status among wealthy conservatives. 🌍 The speaker discusses the issue of not having enough children and the imbalance between those who should have more kids and those who shouldn't. 1:34:47 Not enough people are having kids, while those who shouldn't be having kids are having too many. There are various issues that need to be addressed over the next few years, but some will take longer to fix. There are 53 million immigrants in America, more than any other country, and there needs to be a discussion about why. 🌍 The speaker expresses a mix of optimism and distrust towards people, acknowledging their capacity for both love and destruction. 1:44:15 The speaker believes that people can blind themselves and act foolishly, potentially causing harm to others. The speaker acknowledges their own shortcomings and tries to understand different perspectives. The speaker recounts witnessing the chaos and destruction of 2020 from a privileged viewpoint. 📺 The speaker recalls a visit to a friend's house with a pool table, where they watched basketball and debated religious and political topics. 1:54:19 The friend had a picture with Al Gore despite being conservative. The speaker observed the friend's debates with his children about religion and politics. The friend would frequently change his beliefs and criticize political decisions.
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  3343. 0:36 Blimey, the triggernometry lads like to sit blimming close to each other!!! ┉┉┉┉┉┉┉┉┉┉┉┉┉┉┉┉┉More Timestamps: The Shattering of Myths: Bari Weiss Unveils the True Intentions of Hamas and the Challenges Faced by Israel in the Recent Israel/Palestine Conflict 💔 The recent events in Israel have shattered myths and illusions, revealing the true intentions of Hamas and the challenges faced by Israel. 00:48 Hamas infiltrated the border with the intention of annihilating the Jewish people, resulting in a horrific massacre. 00:48 Israel was caught off guard and allowed itself to be the site of the worst single-day massacre of Jews since the Holocaust. 02:52 The idea of a two-state solution and trading land for peace is being questioned in light of recent events. 03:38 The occupation of the West Bank is a difficult situation, and the fear of another Hamas terrorist state is a concern. 04:41 The foreign policy of doing business with Iran, which supports Hamas, is being reconsidered. 05:00 🔴 The speaker discusses the situation in Gaza and criticizes Hamas for using its own citizens as weapons and creating civilian deaths to create rage against Israel. 06:12 Hamas occupies Gaza and uses barbaric weapons and tactics, including sacrificing its own citizens. 06:12 Israel asks Gazans to move to save civilian lives, while Hamas wants civilian deaths to create rage against Israel. 06:56 The speaker condemns the celebration of the slaughter of Israelis by some progressives and institutions. 10:43 😡 The speaker discusses the recent conflict between Israel and Palestine and condemns the celebration of Jewish slaughter by some individuals. 12:51 People have shown their true colors in supporting decolonization by celebrating the massacre of Jews and Israelis. 12:51 The speaker emphasizes that decolonization is not an academic idea but rather a justification for the massacre of Jews. 12:58 College administrations that have been vocal about other issues remain silent about the massacre of Jewish people. 13:24 The speaker criticizes the lack of moral outrage for the Jewish slaughter and the celebration of it by some young people. 13:47 The speaker highlights the hypocrisy of those who oppose Israeli actions but do not condemn the celebration of Jewish slaughter. 14:26 The speaker discusses the issue of proportionality in the conflict and attributes responsibility to Hamas. 15:07 The speaker argues that Israel is responding to an existential threat and compares the situation to a hypothetical scenario in the US. 16:08 The speaker acknowledges the tragedy of innocent lives lost in Gaza but emphasizes the role of Hamas in creating the situation. 16:47 🔥 The speaker discusses the rise of anti-Semitism and the justification of violence in the Middle East, and expresses hope that recent events will open people's eyes to the illiberalism of this worldview. 18:21 The speaker has been writing about the campus issue and anti-Semitism since they were 19 years old. 18:21 The speaker is not surprised by the reaction in the Middle East and has seen the roots of this ideology since 2003. 18:52 Many left-leaning individuals have expressed shock and disbelief at the actions of their own side. 19:26 The speaker believes this week can be a watershed moment in opening people's eyes to the illiberalism of this worldview. 20:07 The speaker questions the justification and silence in the face of violence and oppression. 21:07 The speaker mentions the complexity of the Israel-Palestine situation and the need for a reality check. 21:39 The speaker believes that many well-intentioned progressives have gone along with this ideology without realizing its true consequences. 22:59 The speaker finds hope in the fact that universities are facing consequences for promoting this ideology. 23:09 🇮🇱 The video discusses the Israeli-Palestinian conflict, addressing the narrative of Israel as an occupying force and the situation in Gaza. 24:59 Israel withdrew from Gaza in 2005, but the conflict stems from differing claims to the land. 24:59 Israelis have historically accepted partition plans and sought a two-state solution, while the Arabs have rejected them. 28:01 Gaza is ruled by Hamas and relies on Israel for resources, but Egypt also restricts access. 29:06 Arab states have historically taken Palestinian refugees, but there is less support now. 29:28 There are people who support Palestine without being anti-Semitic, but Hamas promotes anti-Semitism. 30:03 🗣 The video discusses the Israeli-Palestinian conflict and the complex dynamics involved in finding a solution for peace in the region. 30:15 There are people who are pro-Palestine but not anti-Semitic. 30:15 Hamas' actions against Israelis are considered evil. 30:29 Support for Palestinian liberation requires opposition to Hamas. 30:38 Many pro-Israel individuals also support a Palestinian state. 31:01 Occupying another people creates moral issues for Israel. 31:22 The situation in Gaza has complicated the Israeli-Palestinian conflict. 31:39 Israeli settlements in the West Bank remain a contentious issue. 32:24 The speaker's belief in giving back the West Bank is being challenged. 33:26 🔥 The video discusses the challenges of achieving peace between Israel and Palestine due to deep-rooted hatred and extremist ideologies. 35:30 Gaza relies on Israeli electricity and water supplies for survival. 35:30 The group ruling over Palestine fundamentally rejects the existence of Israel. 35:52 The speaker questions the possibility of peace when one side seeks the annihilation of the other. 36:07 The speaker expresses a desire to see Hamas, a threat to Israel, destroyed. 36:43 The speaker reflects on feeling disillusioned by slogans promoting a two-state solution and peace. 37:14 The depth of hatred in the region is highlighted, with the speaker emphasizing the need to address it. 37:33 The indoctrination of hatred in the Palestinian population is discussed as a significant obstacle. 38:27 The video emphasizes the importance of understanding the role of ideology and the embrace of evil in driving the conflict. 39:41 🌍 The video discusses the impact of American weakness and the idea of decolonization on the world stage. 40:51 The Middle East saw positive changes under Trump's presidency, such as the Abraham Accords and the scuttling of the Iran deal. 40:51 Joe Biden is perceived as lacking power and strength, making the Middle East more dangerous. 41:17 The West has become uncomfortable with the exercise of power, while power is highly valued in other parts of the world. 41:35 American weakness and war weariness have contributed to a retreat from the world stage. 43:05 The idea of decolonization and the belief that America is evil is prevalent in universities. 44:26 The speaker shares a personal experience of encountering the justification of female genital mutilation under the guise of cultural relativism. 44:49 The ideology of decolonization and cultural relativism is examined and questioned by the speaker. 45:31 🌍 The speaker discusses the importance of Western values and the dangers of ideologies like socialism and anti-Semitism. 46:13 The speaker emphasizes that Western values have allowed for equality, human dignity, and minority rights. 46:13 They criticize those who champion socialism without understanding its negative consequences. 46:56 BLM Chicago's support for Palestine reveals a deeper agenda that goes beyond anti-racism. 47:30 The speaker highlights the hypocrisy of supporting Palestine while ignoring their treatment of LGBTQ+ individuals. 48:10 They express concern about the future of the UK due to open borders and lack of vetting. 49:45 There is hope for the future, but the UK's situation may not improve. 50:22 💥 The video discusses the rise of anti-Semitism and the shift in political attitudes towards the right in response to recent events. 53:25 There is concern over the increasing vulnerability of Jewish communities worldwide. 53:25 Many American Jews are reconsidering gun ownership for self-defense. 53:48 The political landscape is shifting towards the right, but the extent of this shift is uncertain. 54:11 There is a worry about the rise of anti-Semitism among both the far left and the far right. 54:34 Some influential figures on the new right have justified or downplayed recent acts of violence against Jews. 54:45 A combination of neo-isolationism and latent anti-Semitism has contributed to the silence surrounding these acts. 55:16 The video highlights the need to address and discuss these issues openly. 55:28 💔 The video discusses the lack of attention and support from feminist organizations in the US towards Israeli women who have been victims of rape as a weapon of war. 55:39 Many women in the US marched for women's rights and supported the #MeToo movement after Trump's election, but there is silence from feminist organizations regarding the rape of Israeli women as a weapon of war. 55:39 The absence of feminist statements about the issue raises questions about the state of American feminism and the belief in supporting all women. 56:01 The speaker suggests that the lack of support may be due to the victims being Jewish women and the presence of a death cult ideology associated with jihad. 56:23
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