https://twitter.com/XueLeiZhon/status/1689164104760479744?s=20
Category: china economy
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The CCP curtains its failure to manage the devastating floods in China. 中共掩盖了其在管理中国毁灭性洪水方面的失败
On August 9, flood victims of Baoding City, Hebei Province went to the government to report their problems and were brutally beaten by the police. 8月9日，河北省保定市水灾灾民到政府反映问题，遭到警察残酷殴打。
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Xi’s China has become too risky for foreign businesses 习近平领导下的中国对于外国企业来说风险太大
Recent moves, such as aggressive police raids against foreign businesses and the withholding of basic economic data are akin to putting up a “Do Not Enter” sign.
The harder the Chinese Communist Party clamps down on news, views and data that don’t fit its preferred narrative, the greater the investment risk and the harder it will be for China to tap global capital markets.
最近的举措，例如警方对外国企业的猛烈突击搜查以及扣留基本经济数据，无异于竖起“请勿进入”的牌子。
中国共产党对不符合其偏好叙述的新闻、观点和数据打压越严厉，投资风险就越大，中国就越难进入全球资本市场。
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China’s Outdated And Abandoned EVs Are Piling Up 中国过时的和废弃的电动汽车正在堆积如山
https://jalopnik.com/china-s-outdated-and-abandoned-evs-are-piling-up-1850752078
The cars were likely deserted after the ride-hailing companies that owned them failed, or because they were about to become obsolete as automakers rolled out EV after EV with better features and longer driving ranges. They’re a striking representation of the excess and waste that can happen when capital floods into a burgeoning industry, and perhaps also an odd monument to the seismic progress in electric transportation over the last few years. 这些汽车很可能在拥有它们的乘用车公司倒闭后被遗弃，或者因为随着汽车制造商推出性能更好、行驶距离更长的电动汽车，它们即将过时。 当资本涌入蓬勃发展的产业时，它们可能产生的过剩和浪费，也许也是过去几年电力运输领域的地震性进展的一个奇怪的纪念碑。
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China property developer Evergrande files for bankruptcy protection in US 中国房地产开发商恒大在美国申请破产保护
The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring program in March. 世界上最负债最多的房地产开发商在2021年违约，并于3月宣布了一项离岸债务重组计划。
— Read on www.cnbc.com/2023/08/18/china-property-developer-evergrande-files-for-bankruptcy-protection-in-us.html -
China Shadow Bank Crisis Sparks Protest by Angry Investors 中国影子银行危机引发愤怒投资者抗议
https://news.yahoo.com/china-shadow-bank-crisis-sparks-102709635.html
Chinese investors protested outside the office of one of the country’s biggest shadow banks, in a rare show of public outrage after the firm skipped payments on dozens of investment products. 中国投资者在中国最大影子银行之一的办公室外抗议，在该公司拒绝支付数十种投资产品后，这是罕见的公众愤怒表现。Zhongrong is among the biggest firms in the country’s $2.9 trillion trust industry, which pools savings from wealthy households and corporate clients to make loans and invest in real estate, stocks, bonds and commodities. The firm has 270 high-yield products totaling 39.5 billion yuan ($5.4 billion) due this year, according to data provider Use Trust. 中融是中国规模达 2.9 万亿美元的信托行业中最大的公司之一，该行业汇集富裕家庭和企业客户的储蓄，发放贷款并投资于房地产、股票、债券和大宗商品。 根据数据提供商 Use Trust 的数据，该公司今年将有 270 种高收益产品到期，总价值达 395 亿元人民币（54 亿美元）。
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China’s government tries to defuse economic fears after real estate developer’s debt struggle | 在房地产开发商的债务斗争后，中国政府试图化解经济恐惧 AP News
China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy. 在一家大型房地产开发商未能偿还数十亿美元债务后，中国政府正试图安抚紧张的购房者，这重新唤起了人们对该行业动荡的财务状况及其对陷入困境的中国经济的影响的担忧。
— Read on apnews.com/article/china-debt-real-estate-country-garden-8452f8fc81697903bbd2cbd37f0e76be他们强调了该行业在执政的共产党的压力下为减少被视为经济威胁的飙升债务而进行的斗争。这使数百家小型开发商破产，并抑制了中国的经济增长。
they highlight the industry’s struggle under pressure from the ruling Communist Party to reduce soaring debt that is seen as an economic threat. That has bankrupted hundreds of small developers and depressed China’s economic growth.
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China’s dilemma in trying to manage debt crisis 中国应对债务危机的困境
https://www.axios.com/2023/08/16/china-debt-crisis-stimulus-recession-risk
That bubble finally seems to be bursting. Economic damage from China’s zero-COVID policy, as well as heavy-handed government meddling in the tech sector and other major industries, have driven down growth.
- China’s economy is also facing deflation risk, which can make debt worse.
- “Deflation means the real value of debt goes up,” David Dollar, a senior fellow at the Brookings Institution, told Insider. While high inflation can actually help relieve the burden of debt over time, he said, “deflation does the opposite.”
- 这个泡沫似乎终于要破灭了。 中国的零新冠政策造成的经济损失，以及政府对科技行业和其他主要行业的严厉干预，导致经济增长放缓。
- 中国经济还面临通货紧缩风险，这可能会使债务恶化。
- “通货紧缩意味着债务的实际价值上升，”布鲁金斯学会高级研究员戴维·多拉（David Dollar）告诉 Insider。 他表示，虽然高通胀实际上有助于随着时间的推移减轻债务负担，但“通货紧缩却适得其反”。
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President Xi under pressure to take bold steps as China’s economy slows after surprise rate cut意外降息后中国经济放缓，习近平主席面临采取大胆措施的压力. 中国经济因习近平主席残酷的新冠封锁而陷入困境
The failure to revive confidence more broadly risks leading to economic pain that could blow back on Communist Party leaders. Last year saw a wave of mortgage boycotts and unprecedented protests against Xi himself as residents got fed up with the world’s strictest Covid-19 restrictions.
Chinese authorities remain sensitive about the narrative over the economy, instructing analysts to avoid discussing deflation and restricting access to key data. China on Tuesday suspended publishing data on its soaring youth unemployment rate to iron out complexities in the numbers, fanning fears about transparency.
未能更广泛地恢复信心可能会导致经济痛苦，从而可能对共产党领导人造成打击。 去年，由于居民厌倦了世界上最严格的 Covid-19 限制，出现了一波抵押贷款抵制浪潮和针对习近平本人的前所未有的抗议活动。
中国人对有关经济的叙述仍然敏感，指示分析师避免讨论通货紧缩并限制接触关键数据权威机构。 中国周二暂停公布其飙升的青年失业率数据，以消除数据的复杂性，引发人们对透明度的担忧。
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一如既往，中国再次展现了在中国经济泡沫和夸大数字的驱动下，政权与企业之间的黑暗勾结。Why This Company’s Financial Crisis Threatens China’s Economy
为什么这家公司的金融危机会威胁中国经济
碧桂园是中国最大的房地产开发商Country Garden was China’s biggest real estate developer. Now it is staring down default, facing billions of dollars in losses and $200 billion in unpaid bills. 中国房地产巨头碧桂园已损失数十亿美元，未付账单已达2000亿美元。 据估计，该公司有能力在中国数百个城市交付近一百万套公寓。
All of this has led to worries that Country Garden will end up like China Evergrande, a real estate behemoth that collapsed in 2021 and set off panic in global markets.
“The Country Garden default could be as influential as Evergrande simply because it is so huge,” said Rosealea Yao, a real estate analyst at Gavekal, a China focused research firm.
And it could be even worse. A handful of big developers have already defaulted. The market is more on edge than it was when Evergrande failed. Policymakers, while recently vowing to support the housing market, have not done enough to bolster confidence.
“Things may get worse before the government reacts,” Ms. Yao said.
所有这些都让人担心碧桂园最终会像中国恒大一样，在2021年倒闭并引发全球市场恐慌的房地产巨头。
“碧桂园违约的影响力可能与恒大一样大，因为它规模太大了，”专注于中国的研究公司 Gavekal 的房地产分析师 Rosealea Yao 表示。
情况可能会更糟。 少数大型开发商已经违约。 与恒大失败时相比，市场更加紧张。 政策制定者虽然最近誓言支持房地产市场，但在提振信心方面做得还不够。
“在政府做出反应之前，情况可能会变得更糟，”她说。 姚说。
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China, facing record youth unemployment, says it will stop releasing data on it 中国面临创纪录的青年失业率，表示将停止发布相关数据
China has manipulated everything since over 50years. virus covid-19, population count, economic measuresd, history, Inland’s disaster & it’s casualties, sex scandals from ccp insider’s and everythings to brainwashing their peoples. Especially have to watch the behavior of China’s 80s, 90’s, 00’s who has been systemcally brainwashing educated generations. 50多年来，中国一直在操纵一切。 病毒covid-19、人口统计、经济措施、历史、内陆灾难及其伤亡、中共内部人士的性丑闻以及对人民洗脑的一切。 尤其要看看中国80后、90后、00后对受过教育的一代进行系统性洗脑的行为
https://www.nbcnews.com/news/world/china-suspends-data-youth-unemployment-rcna99929
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China skips giving update on surging youth unemployment as economic slump deepens 随着经济衰退的加深，中国跳过了关于青年失业率飙升的最新情况 | AP News
China’s government has skipped giving an update on a politically sensitive spike in unemployment among young people as official data showed an economic slump deepened in July.
— Read on apnews.com/article/china-economy-unemployment-b8ad4cf9b85a2df29a14f8e1db8fe981 -
Death toll in China mudslide rises to 21, with six people missing 中国泥石流死亡人数上升至21人，6人失踪 . 总死亡人数每天都在上升，而且尚未结束. 如果中共不像covid-19那样隐藏的话，伤亡将会更多
The mudslide and a flash flood Friday evening also damaged a highway and knocked out power to 900 households, the Xi’an Emergency Management Bureau said on its social media account. It said rescue teams totaling 980 people with dogs were looking for the remaining missing people. 西安市应急管理局在其社交媒体账户上表示，周五晚上的泥石流和山洪还损坏了一条高速公路，并导致 900 户家庭停电。 据称，共有 980 人的救援队带着狗正在寻找剩余的失踪人员。
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China: Flood victims in ‘sacrificed’ areas remain bitter 中国：“牺牲”地区的洪水灾民仍然痛苦
To protect Beijing, several less densely populated surrounding areas were deliberately flooded during the historic early August rainstorm. Today, residents are voicing their frustrations to hold authorities accountable. 为了保护北京，在八月初历史性的暴雨中，一些人口较少的周边地区被故意淹没。 今天，居民们表达了他们对追究当局责任的不满。
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Chinese using new smuggling route to enter US illegally 中国政府主导的有毒品生意和走私.大多数中国人确实想通过走私途径移民到美国
https://americanmilitarynews.com/2023/08/chinese-using-new-smuggling
An internal federal intelligence report indicates that U.S. authorities are concerned with a new Chinese migrant route that migrants are using to illegally cross into the United States through Florida. 一份联邦内部情报报告显示，美国 当局对一条新的中国移民路线感到担忧，移民利用该路线通过佛罗里达州非法进入美国。
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党加强控制，银行家被迫学习习近平的思想企业举办习思想学习、撰写论文由于信心受到打击，对中国经济的担忧加剧
Bankers Forced to Study Xi’s Thoughts as Party Tightens Grip
Firms holding studying sessions, writing papers on Xi Thought
Concerns grow over Chinese economy as confidence takes a hit
