Day: October 12, 2024

Minimum Wage in China Gets you NOTHING!

The U.S. overtakes China for most company’s on Fortune’s Global 500 list for the first time in four years. What’s behind the shift?Secretary of State Antony Blinken offering reassurances on the U.S. commitment to the Indo-Pacific region, especially when it comes to China.A hefty $800,000 penalty potentially awaits a California energy company executive. The Department of Justice filed suit against him for allegedly dodging tariffs on Chinese solar panels.And, is AI taking over the job market? TikTok seems to think so. The social media company is laying off hundreds of employees globally as it embraces AI technology.00:00 Intro01:11 U.S. Overtakes China on Fortune Global 500 List02:18 U.S. Reaffirms Commitment to Indo-Pacific Region03:58 DOJ Sues Energy Executive for Evading Tariffs04:57 Lawmakers Asks Briefing from AT&T Over China Breach05:42 Lee: Bytedance Collects Data 25x Faster Than ChatGPT10:44 Bytedance’s TikTok Cuts Hundreds of Jobs in AI Shift12:55 Trump Unveils New Economic Policies in Detroit15:05 EU Presses Temu on Steps to Stop Illegal Products15:53 Indonesia Arrests Chinese Man Wanted for Fraud16:59 Chinese Police Arrest Homeowners Protesting Management18:30 BMW and Mercedes Sales Dip from Weak China Sales19:44 BYD Aims for 100,000 EV Sales in Mexico by 2025

Huawei rose from the ashes like a phoenix and beat the markets at their own game. In an unprecedented fashion, working on all fronts, from sanctions and embargos to geopolitical bias, Huawei single-handedly built its fortress right under the noses of global market leaders and won.This is a fascinating story of grit against all odds – a true manifestation of the philosophy – “of never say die”.Never say die -is not uncommon amongst startups that are struggling to survive or even small-sized companies facing an existential crisis.But to find them in a behemoth, of the size of $40billion is simply uncommon. How do you bring such large workforces on track, reorient them to your new plans, products, and tech?It is more than a mindset, it is a human will to win!‪@huawei‬#huawei, #nokia, #ericsson, #samsung, #apple

00:00 Introduction00:12 Chinese Economy: Wage Deflation & Cyclical vs Structural 05:12 Australia-China: Lobsters07:16 Taiwan Tensions: Lai SpeechChina 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.

A Chinese blogger made a horrifying discovery in a Chinese hotel. And that was just the beginning.

This man in the video is the vlogger called “Big Blue” by stock traders. Recently, he’s been getting a lot of hate from netizens because many believed his prediction that the Chinese stock market would surge after the National Day. As a result, a lot of people lost almost all their savings.

The Chinese economy under Xi Jinping is finally showing its fault lines. How long can it last?

his is a condensed version of Jan Jekielek’s interview with Gordon Chang. The full version was released on Epoch TV on September 28, 2024.Jan Jekielek interviews Gordon Chang, the author of the new book, “Plan Red: China’s Project to Destroy America,” to understand the Chinese regime’s strategy to destabilize America, from fentanyl warfare to election disinformation to suspicious activity at the border.“We see momentum toward war, and we Americans have got to ask ourselves, what is going to stop this momentum to war?” Chang says.“The Communist Party People’s Daily, the most authoritative publication in China, in a landmark editorial declared in May 2019 a people’s war against us, and we’re American, so we think we can ignore what our enemies say. But for Communist China, People’s War is a phrase that has great resonance going back to the beginning of the People’s Republic. Just about a year ago, ‘PLA Daily’ actually defined people’s war for us. It said people’s war is total war, and we have seen China wage a campaign of unrestricted warfare against the United States.”Gordon Chang: “You have an insecure regime in China. Beijing is worried about the inspirational impact of America’s values and form of governance on the Chinese people. So I believe the Communist Party does not think it will ever be safe as long as the United States exists.”Chang about Chinese students in America: “We know that Chinese consular officials and Ministry of State Security agents actually surveil those students and get them to commit espionage, get them to engage in political activities which is inappropriate on our soil, and this is our country. We allow that. Under the communist party’s top down system every Chinese national has to obey the instructions and demands of the Communist Party and China’s 2017 National Intelligence law actually codifies this in one area where Chinese nationals are required to commit espionage if they receive a demand.”“There must be hundreds, if not 1000s, of Ministry of State Security agents running around our country trying to compromise American politicians.”Chang recommends: “We need to sever all of our contacts with the Chinese regime. I know that that is very strong. I’m not saying it’s politically acceptable, but I am saying it is necessary, and the reason is we’re being overwhelmed. We are being overwhelmed by a Chinese regime. Our law enforcement is being overwhelmed. Our universities are being overwhelmed, our businesses, Hollywood, just, you name it. And we don’t have a hold on this. And until we are able to manage this, we need to take those contacts and sever them. It’s going to be tough. It will be painful, as we talked about, but nonetheless, it’s necessary, and that’s why I’m so concerned, because we are not willing to do what is necessary to save our society.”CHAPTER HEADERS[0:00:00 – 0:00:22] Chinese Migrants with Military Ties[0:00:28 – 0:02:37] China’s “People’s War” and Unrestricted Warfare Against the U.S.[0:03:19 – 0:07:53] Chinese Infiltration of American Society and Elections[0:08:24 – 0:09:54] Influx of Chinese Migrants Across U.S. Borders[0:12:08 – 0:15:13] Comprehensive Chinese Penetration of American Institutions [0:15:34 – 0:19:21] Severing Ties with the Chinese Regime[0:19:54 – 0:22:02] Potential for Wider Conflict and the Need to Prevent War[0:22:02 – 0:22:20] Conclusion and Call to Action

The Taiwan Strait is about 180 kilometers long. The United States and Taiwan both say that it ‘s a key shipping and trade route. About half of the world’s container ships pass through it. The waters are international and open to all warships. However, the Beijing government disagrees, claiming that democratically governed Taiwan is its own territory and that only China has sovereignty and jurisdiction over the strait.