Day: January 10, 2025

On this week’s China news headlines, There’s another virus outbreak in China. A devastating earthquake strikes Tibet. Plus a Chinese ship may have cut an undersea cable near Taiwan.

00:00 Introduction00:11 Protests In China03:13 Shanghai05:55 Chinese Economy: Trade-In Subsidy Consumption Stimulus ExpandedChina 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.

On December 24, 2024, industry insider Mr. Yuan revealed on social media that 75 steel companies in China have halted production. The main reason: steel products are not selling, and the more they produce, the more they lose. Many factories simply have no choice but to stop production. Mr. Yuan, from Tangshan, Hebei—a city known as the “steel capital”—shared his concerns on Douyin, the Chinese version of TikTok. He stated that many steel mills are struggling to stay afloat, with some even finding it difficult to pay their employees. Given the uncertain market outlook, he expressed worry for workers whose families depend on incomes from steel factories.Join this channel to get access to perks:

Marvel Rivals, made by the Chinese tech company NetEase, is censoring things China and the Chinese Communist Party doesn’t like.

Brazil has suspended temporary work visas for Chinese working for electric vehicle giant BYD in the country, amid claims of “slavery-like conditions”. The move followed an investigation by Brazil’s labour department, which said on January 7, 2025, that BYD had brought in hundreds of workers on irregular visas to build a factory. Officials running the probe announced in December that BYD workers were subjected to overcrowded lodging and 70-hour work weeks. Labour authorities said the 163 factory workers were leaving or have already left Brazil, and BYD agreed to comply with local laws for its remaining employees.

An infamous China-backed hacking group adds a key U.S. agency to its list of victims in a major cyber breach.Verizon and AT&T confirm their networks were targeted by Chinese hackers and say that they’re now secure. We have the details on what customers were affected.To ban Chinese-made drones, or not? The Commerce Department is now weighing that decision over national security concerns.Beijing sends dozens of fighter jets and warships toward Taiwan to ring in the new year. What is the Taiwanese president saying in response?00:00 Intro01:00 Cybersecurity Breach at Treasury Department02:52 AT&T, Verizon Confirm Hack by China-Backed Group03:34 US Considers Rules Against Chinese Drones04:30 Mexico Unveils New Tariffs on Goods from Asia05:27 Controversies Surrounding SHEIN, Temu06:00 US Sanctions Iran, Russia for Election Interference06:45 Lockheed, Raytheon Hit by China’s Sanctions07:53 China Flies 22 Fighter Jets near Taiwan in New Year08:37 Taiwanese President: We Welcome Exchanges with China09:59 52% of Taiwanese Support Independence11:43 Why Are Communist Ideas Appealing to Young People?16:26 Price Collapse Forces US Mining Company to Delist17:28 W.H.O. Urges China Again to Share Covid-19 Data18:43 China Sentences 2 Teens Over Murder Crime19:47 White House: N. Korean Soldiers Committing Suicide