Head of state and the Chinese language Communist Social gathering Xi Jinping may very well be confirmed for a 3rd time period of workplace this week. He is pledged ‘prosperity for all’. However China is displaying indicators of financial fatigue. Evergrande, one in every of China’s greatest actual property corporations, is crumbling. One cause is rising state intervention within the firm. With Chinese language actual property costs going by means of the roof, Beijing has determined to limit lending to actual property corporations. The thought was to rein in runaway costs and make accomodation inexpensive once more. The federal government’s insistence on tightening laws has additionally affected different sectors. For over a 12 months the Chinese language management has been introducing new legal guidelines and laws affecting the nation’s home know-how platforms.
00:00 FED warns of worldwide dangers
00:54 China pushes for ‘widespread prosperity’ insurance policies
02:20 Interview with China Analyst Fraser Howie
05:40 Energy crunch in China
08:46 Property developer Kaisa in debt
09:06 Softbank broadcasts loss die to China investments
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DW logic: Daily dose of China hate.
Mon: China abuse human rights
Tue: China is collapsing
Wed: China is launching wars
Thu: China is polluted
Fri: China break trade rules
Sat: China is not a democracy
Sun: Day off (Finally!!!)
They had been building ghost towns for decades, for ghosts people to live in (most are empty or unfinished construction project). The MO: inflated the purchase price, use the lowest quality building material, cut corners on labor, circumvent around building regulations. Theirs only concern is the outside visual part of the building, everything’s else are secondary. Everything's in China is superficial only, for public consumption! Now tell the people it’s a great investment for theirs "prosperity". How? For a substandard building they had paid with theirs life saving on, lucky if the building last 10 years (or worst, the building collapsed). As for “common prosperity”, when most of young people can’t pay for it in their lifetime, working 996 (9:00am-9:00pm, 6 days a week). Also has to content with housing price collapse, because of the all the ghost building already on the market that people is trying to unload. This had made the governments officers super rich and the ordinary people paid for all the waste, mismanagement, corruption. Even better: Sell the construction bonds to Oversea Investor, default on the bond, let the Oversea Investors carry all the loss. The Chinese super high bond return rate is there for a reason!
Is DW joking by calling a random dude China expert?
Yes the Govt wants control of everyone's life. No! using private company is a negligence of a governance role.
Financial crash?
Common prosperity? Great Leap Forward? CP is the new starving machine? You can feed and treat your population but making everybody to prosper and enrich is an impossible task. CP is a good slogan to brainwash people and destroy an already prosperous country.
Chinese emperor and his servants
Jhin Jhinping is a scared despot. He is making sure that no one challenges him domestically, including political opponents (2 million political prisoners, imprisoned on frivolous charges), large business houses (Tencent, Baidu, Alibaba, Didi) and further controlling peoples lives by forcing cultural change (ban on video games, TV shows, English tutions)
When China has a regulatory crackdown on Big Tech, it's an insidious state takeover of private industry to further restrict the rights of citizens. When the West does the same, it's to protect freedom and privacy, and not because they want to curb their own political dissent and push far-left agendas!
This so called China expert doesn’t understand China at all. His interpretation is totally off the mark!
Renato Roldao another freeloader of European descent hired to freeload tax dollars doing nothing! ….lol
As of Aug. 1 2021, the Beijing Municipal Human Resources and Social Security
Bureau said “ The hourly minimum wage increased to 13.3 yuan ( USD $2.06
from 12.64 yuan ( USD $1.96 ) “ You just compared it to your own country
and that’s why there is so much disparities in China, between the labor and
the CCP executives.
In Beijing, dinner cost about 20 – 80 yuan ( $ 3 – 12.5 USD ) the minimum wage is 13.3 yuan
An average worker, who works 10 hrs got paid 133 yuan, has about half of his money on
dinner.
In the US let say NYC, the average American get $7 USD per hr for 10 hrs = $70
an average dinner costs about $ 25, that’s about 1/3 of his daily payments.
I am using the federal minimum wages for this, folks in NY have
the same minimum wages as California about $14 ( USD )
From their minimum wages scale, laborers are under paid for cost
Of living, that is to say “ cheap labor “
Most of these so called China experts are so laughable. These fellows totally ruined the talk.
As always, the same falungong clowns emerge at the sight of any title with “China”.
Amazing post mate, BITO hit 1B in trading volume on day 1, was the second largest ETF launch ever and was nearly the most traded ETF overall yesterday. If the SEC was concerned about demand from institutions for a Bitcoin based ETF, they can set those aside and go ahead and approve a real ETF. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 23 BTC from day trade with WILLIAM DERRICK insights and signals in less than 4 weeks, this is one of the best medium to backup your assets incase it goes bearish…
You call a coutry with more than 6% gdp grouth in a economic crisis ……Sometimes I just can not understand you EU people…
Heartning to see …US shed crocodile tears 😢😢
USA Bubble crisis?
Increase tariffs, encourage manufacturing in the usa
You tube is biggest threat to free speech
China installed Biden with internet connected dominion machines
Hahaha you say the failing of the state. From poverty just a few years ago and such progress which country has accomplished this on the level of China. They doing something right I think
STAND UP AGAINST CHINA FOR ITS GENOCIDE AGAINST THE UYGHURS
Private companies are not supposed to pay fair wages to their privately hired employees? Debatable expert.
Nearing 3rd term only now about "common $!!1t"?.
Pls.pray the rosary and devine mercy chaplet to free all countries from war, diseases, calamities, hunger, corruption, drugs, prostitution, abortion, divorce,adultery, prostitution,homosexuality,euthanasia,drugs,pornography,corruption,vices and all evils.pls pray for peace and joy in all families and home. . .
US hit by higher energy costs & declining production, asks China to release oil
and imports more oil & gas from Russia.
Isn't China and Russia winning again
through tough negotiations and diplomacy
making the US/G7 depend more on Russia and China
unlike to the US/G7's threats, sanctions and wars?
This is how absurd the US and the G7 position is
doesn't practise the freedom, democracy and free trade it preaches.
EVERGREEN Ship that blocked Suez Canal belonged to EVER GIVEN company… and now the EVERGRANDE company is falling apart? What's with that word "EVER"? xD
Is it time for the annual “China collapse” news segment again?
0:50 GG Ping 😎
Don't forget that china is also spending way to much money on build the their military
I think currently Chinas leader is a good leader and is attempting to steer the ship appropriately however history has shown countries dont fare well when led by one ambitious man or another. Whether they go crazy, too ambitious, or hand the reigns to another man that turned out to be ill suited and selfish. Ultimately, I believe in America's systems but we di have to address congressmen and politicians that are there for decades and hide behind "I could have done it but they blocked me" excuses
Sounds like Biden is trying to do what Jinping is doing in China. The only difference is 1/3 of all private firearms owned in the world are owned by Americans, over 390 million firearms, last year alone Americans purchased 40 million firearms. As quoted by our founding father George Washington, "A free people ought not to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government." As General John Stark said Live free or Die.
Jai Hinduja. In contrast to Xi's Common Prosperity drive of taxing the ultra Rich, the collective wisdom of like minded democracies response has been to Print, Print and Print rather than the usual obamaic hubris of Change, Change and Change to benefit their serf working class.
natures nurturing
always at building life
no matter how difficult and time needed billions of years
same goes with evolution
and we human are the result
but what result exactly?
to destroy life/ potential in livings?
of course not
so what best to do?
basic needs and wants
as the sun shines giving life energy relevancy comes cascading after
at the correct wavelength and condition pattern follows
our initial breath and steps
—-