Month: August 2024

More physical censorship coming out of China because they are embarrassed about the amount of made in China EVs going up in flames.

Paul Cavey, economist at East Asia Econ, discusses China markets and trade data.

China is now occupying the territory of several countries. And kicking them out might take war.

There are wild rumors flying out of China right now. There were rumors of this before, in 2022 which I debunked, but now there is a new one.

China’s “new flying fish” Pan Zhanle, who clinched two gold medals at the Paris Olympics, disbanded his only official Weibo fan group on August 12, 2024. Pan’s decision has been praised as a knock against the growing escalation of so-called fandom culture, which many believe has eroded traditional sportsmanship.

China recently launched the first 18 satellites for its “Thousand Sails” internet megaconstellation with a Long March 6A rocket. These satellites are part of China’s broader plan to deploy up to 14,000 satellites to provide global broadband coverage, similar to initiatives like SpaceX’s Starlink.

On June 25, three mysterious Chinese students, aged between 30 and 49 and from different backgrounds, appeared on a mountain in Busan, South Korea. They were focused on a massive sight at the Busan Operations Base of the South Korean Navy’s Operations Command: the U.S. nuclear-powered aircraft carrier, USS Roosevelt.#chinaobserver

China’s Economic Woes Continue, Foreign Investors Pull Record Amount | Vantage with Palki SharmaForeign investors have pulled a record amount of money from China. Reports say $15 billion was withdrawn between April and June. This comes amid China’s growing efforts to reassure foreign investors and attract more investment. An intensifying trade war with the west, and sluggish growth of the Chinese economy have made several investors nervous about China’s economy. The high debt levels of local governments are also seen as a major risk. Palki Sharma tells you more.—

On July 23, Foxconn, a subsidiary of the Taiwanese company Hon Hai Technology Group, signed a strategic cooperation agreement with the Henan provincial government for a new business project. Foxconn plans to invest 1 billion yuan in Zhengzhou to build a new headquarters and seven centers. These will support industries such as electric vehicles, energy storage batteries, digital health, and robotics, aligning with Foxconn’s 3+3 strategy in China. Hon Hai started focusing on the 3+3 new businesses and expanding globally in 2019. The first phase of this new investment is set to be located in the Zhengdong New District, covering an area of about 700 hectares.#chinaobserver

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China and India are locked in a battle of dominance over the Indo-Pacific. And it looks like India may be pulling ahead.

China continues to send military aircraft around Taiwan, with total ADIZ incursions this year already smashing last year’s total figures. Security analyst Ben Lewis says China is normalizing “heightened” military activity around Taiwan.

China is interfering in Hong Kong to eliminate its distinct identity, both politically and economically. This is making Hong Kong increasingly less Western. In this video, we provide all the details.#China #HongKong #Asia

Recently, a netizen captured a man having an emotional breakdown late at night, walking down the street and crying uncontrollably.According to a kind-hearted passerby, the man came to Zhejiang to find a job. His whole family is waiting for him to bring home food, and his baby is still in swaddling clothes, crying for milk. However, it has been half a month since he arrived in Zhejiang, and not only has he not found a job, but the money he brought from home is almost gone. To make matters worse, his family called urgently needing money. To comfort them, he lied, saying he had found a job and would send money soon. The man couldn’t bear the pressure any longer and broke down in tears.#chinaobserver

China and India are locked in a battle of dominance over the Indo-Pacific. And it looks like India may be pulling ahead.

Japan is in danger if China invades Taiwan. And so they came out with Final Fantasy 14 Dawntrail, which…encourages players to defend the island nation of Tural from a sinister evil… • We MUST Defend Taiwan According to FF… The Philippines is teaming up with just about every other military there is to stand up to China!

China are using physical censorship at the Paris Olympics and trying to remove anything Taiwan related and the Olympic committee is complying.

00:00 Introduction00:12 Chinese Economy: Inflation Numbers02:43 China at the Olympics China Update provides viewers with the most up to date political, economic, and geostrategic analysis on China. Videos are based on hundreds of articles, think tank reports, government statements and other resources in English and Chinese. China Update is fully independent, all views and analysis are all my own and I make the videos.

This shocking scene is just a glimpse into the rise and fall of China’s bike-sharing industry. Similar bike graveyards can be found around major cities like Beijing, Shanghai, Xi’an, and Shijiazhuang. Once praised for being environmentally friendly, bike-sharing has ironically become a massive waste of resources and an environmental hazard.#chinaobserver

China’s economy is in trouble and you know it’s bad when China’s wealthiest elite are fleeing the country. Japan is in danger if China invades Taiwan. And so they came out with Final Fantasy 14 Dawntrail, which…encourages players to defend the island nation of Tural from a sinister evil… • We MUST Defend Taiwan According to FF…

00:00 Introduction00:15 Chinese Economy: Policy Moves & Services Data05:30 Two Economists on China’s Future China Update provides viewers with the most up to date political, economic, and geostrategic analysis on China. Videos are based on hundreds of articles, think tank reports, government statements and other resources in English and Chinese. China Update is fully independent, all views and analysis are all my own and I make the videos.

Economic Slowdown of China Explained. China economy economy evergrande crisis china news real estate crisis economy of china china china economy explained economy slowdown economic slowdown 2024. China economic slowdown economic explained Biden India Russia xi jinping China economic crisis china economic growth chinese economy. GDP export resource minerals mines factory industry microchip import china us relations America economic condition of china. The economic situation of china china’s gdp over the years how bad is the chinese economy why china is slowing its economy china economy economics explained china economic crisis explained the future of chinese economy china vs us economy 2024. China has an upper-middle-income, developing, mixed, socialist market economy incorporating industrial policies and strategic five-year plans. It is the world’s second-largest economy by nominal GDP, behind the United States, and the world’s largest economy since 2016 when measured by purchasing power parity (PPP). China accounted for 19% of the global economy in 2022 in purchasing power parity(PPP) terms, and around 18% in nominal terms in 2022. The economy consists of public sector enterprises, state-owned enterprises, and mixed-ownership enterprises, as well as a large domestic private sector and openness to foreign businesses in their system. According to preliminary data released by the authorities, China’s GDP in 2023 was US$ 17.89 trillion with a real increase of 5.2% in 2024.Economy of China The FactsIn a little over four decades, China went from being one of the poorest countries in the world—with a real per capita GDP of only $156 US dollars in 1978—to joining the ranks of upper-middle-income countries with a real per capita GDP of $12,720 in 2022. The growth is particularly striking considering the country’s population size, sweeping territory, and vast heterogeneity.Comparing China’s real per capita GDP to the U.S.’s in purchasing power parity (PPP) terms, which takes into account differences in the two countries’ costs of living, China has grown from 4.1% of the U.S. per capita GDP level in 1990 to 28.4% of the U.S. level in 2022.Economy AnalysisIn an IMF report released in Jan 2024, the global financial policy body – also known as the IMF – projected China’s economic growth would drop to 4.6% in 2024, down from its 5.2% growth in 2023, and fall further to 3.4% by 2028.The property market, which has historically represented about a quarter of China’s GDP, has been a particular area of trouble for the Chinese economy lately, with a Hong Kong court ordering Chinese property giant China Evergrande, mired in more than $300 billion of debt, to liquidate.Also, the same analysis released on Jan 2024 predicted real estate investment will likely fall 30% to 60% in the next ten years relative to 2022 levels.China Economy SlowDownChina’s economic growth is likely to slow to 4.6% in 2024 and cool further to 4.5% in 2025, a Reuters poll showed, raising the heat on policymakers to roll out more stimulus measures amid deflationary pressures and a severe property slump.Gross domestic product or GDP is likely to grow 5.2% in 2023 – meeting the government’s annual growth target, partly helped by the previous year’s low-base effect which was marked by COVID-19 lockdowns, according to the median forecasts of 58 economists polled by Reuters.GDP in the fourth quarter of 2023 likely grew 5.3% from a year earlier, quickening from the third quarter’s 4.9% pace, the poll showed.Consumer inflation will likely pick up to 1.0% in 2024 from 0.2% in 2023, and rise further to 1.6% in 2025, the poll showed.The experts from major banks and institutions see the downturn deepening in the years ahead, predicting 4.4% for 2025 and 4.2% for 2026, amid the ongoing property crisis, weak consumption, and challenges posed by an aging population.The average forecast for the January-March quarter’s GDP growth was 4.5%, on a year-on-year basis. Industrial production in January and February increased by 7% on the year, inching up from 6.8% in December. Thanks to improved production-related indicators, the seasonally adjusted quarter-on-quarter growth rate was 1.2%, slightly up from 1% for October-December 2023. But a bit stronger than the 7.0957 yuan per dollar rate set by the Chinese central bank.The Chinese stock market has performed abysmally since 2022, seeing $2 trillion in losses.China’s aging population is dragging down the growth of the world’s No. 2 economy. Lombard Odier senior macro strategist Homin Lee expects the rate to be 3.9% in 2026, below the 4% mark.

The aging population is inevitable!

On July 23, Japan’s Nippon Steel Corporation announced it will end its 20-year joint venture with China’s Baosteel. The contract will be terminated at the end of August when it expires. Nippon Steel finds it challenging to expand its business in China and plans to focus its investment resources in the United States and India.The exodus of foreign capital from China is spreading from manufacturing to the beauty products sector. Japanese beauty brand Shiseido’s high-end skincare line, BAUM, announced it will withdraw from the Chinese market. The BAUM Tmall flagship store recently posted a closure notice, stating it will no longer accept new orders starting July 10.#chinaobserver

Recently, China has been experiencing continuous high temperatures, entering a peak period for fires. Reports of fire have been coming in from various provinces and cities.#chinaobserver

The program delved into the prevalent issue of trust deficit in contemporary China, as highlighted in Professor Feng’s research paper on governance through credit overextension. This phenomenon, observed from government levels to grassroots, reflects systemic distrust and corruption. While Xi Jinping’s governance model promotes centralized power, reality exposes widespread credit overextension and corruption. Despite anti-corruption rhetoric, the normalization of credit overextension unveils the true governance landscape under the CCP. The discussion underscores how corruption intertwines with governance, undermining trust and perpetuating systemic issues, challenging the efficacy of anti-corruption measures.

On July 19th, two large international oil tankers collided and caught fire about 55 kilometers northeast of Pedra Branca, near Singapore. Since the incident happened in Singapore’s maritime search and rescue area, the Singapore Navy’s frigate “RSS Tenacious” quickly went to the scene, rescuing several people. The Air Force helicopter “Rescue-10” airlifted two injured individuals to Singapore General Hospital.#chinaobserver

The US did not need to be in a life or death struggle with the Chinese Communist Party. But they took advantage of this one big mistake to change EVERYTHING!

00:00 Introduction02:54 Distinctive Features of China’s Macroeconomic Policy04:12 Historical Evolution and Theoretical Foundations05:31 Recent Challenges in Macroeconomic Policy07:05 New Policy Recommendations and Future Directions08:30 Short-term Policy MeasuresChina Update provides viewers with the most up to date political, economic, and geostrategic analysis on China. Videos are based on hundreds of articles, think tank reports, government statements and other resources in English and Chinese. China Update is fully independent, all views and analysis are all my own and I make the videos.

Several hundred cross-border e-commerce sellers started a collective protest on July 22nd. They gathered at the office location of Temu, Pinduoduo’s cross-border e-commerce business, in Aoyuan Building, Panyu District, Guangzhou, protesting against Pinduoduo’s arbitrary deductions and penalties.#chinaobserver

The Chinese airline Uni-Top Airlines, based at Wuhan Tianhe Airport, has a total debt of 7.1 billion yuan (about 993 million US dollars). Among this, the debt owed to employees alone is over 100 million yuan (about 14 million US dollars). Due to being in a state of uncertain bankruptcy liquidation and restructuring for a long time, two of its Boeing 747 planes and one Airbus A300 have been put up for auction on the JD platform. As a result, the company has become the third airline in Wuhan to go bankrupt. In addition to the planes, the company’s associated land and real estate were also auctioned for the first time on June 13, 2024. Despite tens of thousands of people viewing the auction, there were no buyers, which is quite disheartening.#chinaobserver

Two Chinese foreign agents plead guilty in a U.S. district court for bribing a U.S. tax official to aid a transnational suppression campaign launched by China.U.S. lawmakers are raising alarms over a Chinese manufacturer that makes electric car batteries, noting what they called its “troubling connections.” We have more on the risks that a planned facility in Michigan could pose to American security.U.S. intelligence officials say investment from China may come with dangerous strings attached, warning U.S. tech start-ups to keep a close eye on critical assets and be careful about sharing know-how.As the Olympic Games kick off in Paris, reports of Chinese doping scandals cast a shadow over the excitement. A swimming legend and two-time Olympic gold medalist is voicing concerns.00:00 Intro01:21 Chinese Nationals Plead Guilty for Bribing U.S. Official04:08 Browde: CCP Targeting Everyday American Citizens08:10 Lawmakers Warn of CCP-Linked EV Company in U.S.10:34 House Bill Demands Transparency in China Investment11:40 Agencies Warn Start-Ups on Foreign Investors12:30 Russia, China Officials Meet on Sideline of ASEAN Talks13:35 Olympic Swimmer Hopes for Clean and Fair Olympics——–

#chinainsights Shanghai is the city with the best economy in China. However, the city’s economy is also in decline. One clear sign is that the city’s store closings have quietly begun.

On July 24 around noon, a Arcfox Alpha S spontaneously combusted near a Road in Hangzhou. The owner, Ms. Yu promptly stopped the car, and reported the fire. After the firefighters controlled the blaze, she contacted the manufacturer’s customer service. Soon after, the manufacturer sent people to inspect the vehicle. Surprisingly, without the owner’s consent, several staff members used screwdrivers and hammers to remove the car logos. They removed all the car logos by prying or smashing them off. This upset Ms. Yu, who eventually called the police and posted the incident online. The issue rapidly garnered attention, with millions viewing the news and igniting substantial controversy over the brand’s actions.#chinaobserver