Xi仍然不知道谁破坏了中国经济。 或者Xi知道谁,但无视真相。 最近,经济疲软的迹象有所增加,12月份工厂活动萎缩到六个月来的最低水平,这可能会给决策者增加压力,迫使他们采取紧急行动,为经济注入动力。 —在fortune.com/asia/2023/12/31/china-xi-jinping-year-end-address-manufacturing-electric-vehicles-planes-weakness-economy/上阅读 Xi still has no idea who spoil China’s Economy. Or Xi knows whom but disregard the truth. Signs of weakness in the economy have increased recently with factory activity shrinking in December to the lowest level in six months, likely adding pressure on policymakers to act urgently to inject impetus to the economy.
— Read on fortune.com/asia/2023/12/31/china-xi-jinping-year-end-address-manufacturing-electric-vehicles-planes-weakness-economy/
Category: china economy
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在经济斗争中,中国Xi吹嘘“制造业能力” China’s Xi touts ‘manufacturing prowess’ as economy struggles | Fortune Asia
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中国10万亿美元的隐藏债务山可能是“定时炸弹” China’s $10 trillion hidden debt mountain could be the ‘ticking time bomb’ that Joe Biden warned of
中国今年面临许多经济问题,从通货紧缩和创纪录的青年失业率到房地产危机。
但这个国家面临着另一个更令人担忧的威胁:地方政府的巨大隐藏债务。
一些估计认为,中国地方融资工具的负债接近10万亿美元。
China has faced many economic problems this year, from deflation and record youth unemployment to a property crisis.
But the nation faces another, even more worrisome threat: the colossal hidden debt of its local governments.
Some estimates put the liabilities of China’s local financing vehicles close to $10 trillion.
— Read on finance.yahoo.com/news/chinas-10-trillion-hidden-debt-170001361.html -

中国公民正在以创纪录的速度淹没南部边境 Chinese Nationals Are Flooding Across Southern Border At Record Pace | The Daily Wire
上个月,创纪录的中国公民越过南部边境进入美国,打破了一个月前创下的纪录。A record number of Chinese nationals crossed the southern border into the United States last month, breaking the previous record that was set just a month prior.
— Read on www.dailywire.com/news/chinese-nationals-are-flooding-across-southern-border-at-record-pace
中国的爱国主义去了哪里?
大多数中国人都想为了孩子尽可能地离开祖国。
中国人在互联网和现实生活中的爱国主义完全不同。
Where China’s Patriotism has gone ?
Most of Chinese want to leave their home country as far as possible for their Child.
It’s quite different Chinese’s Patriotism on the internet and real life.
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中国经济在“困难和挑战”中展现了一些生命 Chinese economy shows some life amid ‘difficulties and challenges’ — Radio Free Asia
分析师表示,习近平的实际经济管理是问题的一部分。Analysts say Xi Jinping’s hands-on management of the economy is part of the problem.
— Read on www.rfa.org/english/news/china/china-economy-12152023163159.html中国经济放缓的最大问题是习近平 China’s big problem of slowing economy is Xi jinping
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中国经济是波将金村。 中国的国家经济信用已降至“负”,中国第八大银行的现金状况也跌至“不良”。 中国银行、工商银行、开发银行、邮政银行… China’s Economy is potemkin village. China’s national economical crediability has dropeed down to “negative” including China’s 8 biggest Bank fallen to a “poor” cash status. china bank, icbc, developement bank, postal bank …
Moody’s Reveals China’s Fake Economy: $11 Trillion in Local Debts, Fatal Crisis Due Next Year 穆迪揭穿中国虚假经济:11万亿美元地方债务,致命危机将于明年爆发
Moody’s puts China on downgrade warning as growth, property pressures mount 随着经济增长和房地产压力加大,穆迪对中国发出评级下调警告
https://www.reuters.com/world/china/moodys-cuts-chinas-credit-outlook-negative-2023-12-05/

DEEPER IN DEBT
In October, China unveiled a plan to issue 1 trillion yuan ($139.84 billion) in sovereign bonds by year-end to help kick-start activity, raising the 2023 budget deficit target to 3.8% of GDP from the original 3%.
After years of over-investment, plummeting returns from land sales, and soaring costs to battle COVID, rating firms have been warning about the contingent liability risks of debt-laden Chinese municipalities.
Local government debt reached 92 trillion yuan ($12.6 trillion), or 76% of China’s economic output in 2022, up from 62.2% in 2019, according to the latest data from the International Monetary Fund (IMF).
Capital outflows from China have also intensified, reaching $75 billion in September, in the biggest monthly exodus since 2016, Goldman Sachs data showed.
($1 = 7.1430 Chinese yuan renminbi)
Reporting by Gnaneshwar Rajan and Shristi Achar A in Bengaluru, Kevin Yao in Beijing, Marc Jones in London and Lewis Krauskopf in New York; Editing by Tom Hogue, Kim Coghill, Nick Zieminski and Richard Chang
债务更深
10月,中国公布了一项计划,将在年底前发行1万亿元人民币(1,398.4亿美元)的主权债券,以帮助启动经济活动,将2023年预算赤字目标从最初占GDP的3%提高到3.8%。经过多年的过度投资、土地销售回报大幅下降以及抗击新冠疫情的成本飙升,评级公司一直对负债累累的中国地方政府的或有负债风险发出警告。
国际货币基金组织 (IMF) 的最新数据显示,到 2022 年,地方政府债务将达到 92 万亿元人民币(12.6 万亿美元),占中国经济产出的 76%,高于 2019 年的 62.2%。
高盛的数据显示,中国的资本外流也在加剧,9月份达到750亿美元,这是自2016年以来最大的月度外流。
(1 美元 = 7.1430 人民币)
班加罗尔的 Gnaneshwar Rajan 和 Shristi Achar A、北京的 Kevin Yao、伦敦的 Marc Jones 和纽约的 Lewis Krauskopf 进行报道; 编辑:Tom Hogue、Kim Coghill、Nick Zieminski 和 Richard Chang

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2023 年,钦邦每周至少有一两座火车或桥梁建筑倒塌。北京地铁与中国经济一起脱轨 Beijing Subway and China’s Economy Go Off Track Together
Endless Accidents, Nothing come to resolve malfunction. China’s economy, China’s construction is a House of Paper. This is China. 事故层出不穷,无法解决故障。 中国的经济、中国的建设都是纸房子。 这就是中国。



















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是的。 这是中国。 再次。 北京地铁车祸导致102人骨折 Beijing subway crash leaves 102 with broken bones – yes. This is China. Again.
据中国官方媒体报道,北京两列地铁在高峰时段发生碰撞,导致102人骨折。 事件发生后,500多人被送往医院,该事件发生在当地时间周四19:00左右(格林尼治标准时间11:00)。
A rush hour collision between two subway trains in Beijing has left 102 people with broken bones, Chinese state media reported.
More than 500 people were sent to hospital after the incident, which occurred at about 19:00 local time (11:00 GMT) on Thursday. -

尽管价格便宜得令人难以置信,但由于许多国家的质量问题,中国的武器出口仍面临大幅下降。China’s arms exports face sharp decline due to defective qua ..
China did steal all of technology from the World but They don’t have ability how to use technology except housing 中国确实窃取了世界上所有的技术,但他们除了住房之外没有能力如何使用技术
https://www.voanews.com/a/chinese-weapons-exports-decline/6258163.html
Countries that buy Chinese weapons seldom complain – and experts say many never use the equipment because they’re not at war. But signs of stress occasionally appear after a sale.
Two years ago, aviation news websites reported that the Royal Jordanian Air Force had put six Chinese-made CH-4B Pterosaur drones up for resale. Statements before the resale “indicate the Jordanians may be disappointed with its performance, Overt Defense said.
In Thailand, the navy accepted three Chinese-made tanks this year for $11.77 million despite questions from opposition lawmakers about why they took priority over COVID-19 vaccines. The two countries boosted military cooperation in 2016.
Malaysia ordered four Chinese littoral mission ships in late 2016 and saved money by having them made in China, said Shariman Lockman, senior foreign policy and security studies analyst with the Institute of Strategic and International Studies in Malaysia. Two have arrived already.
Littoral mission ships are relatively small vessels designed in the past for stealth combat near coastlines, sometimes against bigger enemies.
Malaysia disputes sovereignty over part of the South China Sea with Beijing, which periodically sends ships into the contested waters. On Monday, Malaysia protested diplomatically over Chinese vessels, including a survey ship, that had entered its exclusive economic zone in the disputed sea near Borneo.
“I think you have to spread the risks a bit and not put out ourselves in a position of dependence and you have to really consider the security consequence of buying from a country with which we have overlapping territorial claims,” Lockman said.
购买中国武器的国家很少抱怨——专家表示,许多国家从未使用过这些设备,因为它们没有处于战争状态。 但销售后有时会出现压力迹象。
两年前,航空新闻网站报道称,约旦皇家空军已出售六架中国制造的CH-4B翼龙无人机。 公开防御公司表示,转售前的声明“表明约旦人可能对其表现感到失望”。
在泰国,海军今年以 1177 万美元的价格接收了三辆中国制造的坦克,尽管反对派议员质疑为何中国制造的坦克优先于 COVID-19 疫苗。 2016年两国加强军事合作。
马来西亚战略与国际问题研究所高级外交政策和安全研究分析师沙里曼·洛克曼 (Shariman Lockman) 表示,马来西亚在 2016 年底订购了四艘中国濒海任务舰,并通过在中国制造来节省资金。 两个人已经到了。
濒海任务舰是过去设计用于在海岸线附近进行隐形作战的相对较小的舰艇,有时是针对更大的敌人。
马来西亚与北京对南海部分地区的主权存在争议,北京定期派船只进入有争议的海域。 周一,马来西亚对包括一艘调查船在内的中国船只进入婆罗洲附近有争议海域的专属经济区提出外交抗议。
洛克曼说:“我认为你必须分散一点风险,不要让自己陷入依赖的境地,你必须真正考虑从与我们有重叠领土主张的国家购买产品的安全后果。”
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由于地缘政治风险,中国股票、债券将在2024年遭受650亿美元的资本外流,投资者情绪减弱 China’s stocks, bonds to suffer US$65 billion capital outflow in 2024 amid geopolitical risks, waning investor sentiment | South China Morning Post
国际金融研究所表示,与西方关系的恶化、降低风险、重新评估、技术禁运将在2024年影响中国股票和债券的流入。 —阅读www.scmp.com/economy/global-economy/article/3244938/chinas-stocks-bonds-suffer-us65-billion-capital-outflow-2024-amid-geopolitical-risks-waning-investorDeclining relations with West, de-risking, reshoring, tech embargoes set to weigh on inflows to China’s stocks and bonds in 2024, Institute of International Finance says.
— Read on www.scmp.com/economy/global-economy/article/3244938/chinas-stocks-bonds-suffer-us65-billion-capital-outflow-2024-amid-geopolitical-risks-waning-investor -

苹果从中国转移生产的计划大幅增加 Major ramp-up in Apple’s plans to shift production from China
我们今天了解到,将苹果设备的更多生产从中国转移到印度的计划正在大幅加快。 在不到一年的时间里,富士康计划对一家印度工厂的投资增加了近400%。 We’re today learning of a major acceleration in plans to shift more production of Apple devices from China to India. In less than one year, Foxconn has increased its planned investment in an Indian plant by almost 400%.
— Read on 9to5mac.com/2023/12/13/shift-production-from-china/ -

由于经济放缓,穆迪将中国信贷前景下调至负面 Moody’s cuts China credit outlook to negative as economy slows
中国经济无论是国际还是国内都在下滑、崩溃。 中国8家银行信用评分为“负”,中国政府信用降至“负” Falling , Collapsing China’s Economy both in International or Domestic. China Government Credit fall down to “negative” following China’s 8 Banks got “negative” credit score
Ratings agency Moody’s cut its outlook on China’s government credit ratings to negative from stable on Tuesday, in the latest sign of mounting global concern over the impact of surging local government debt and a deepening property crisis on the world’s second-largest economy 评级机构穆迪周二将中国政府信用评级展望从稳定下调至负面,这是全球对地方政府债务激增和房地产危机加深对世界第二大经济体影响日益担忧的最新迹象。
https://www.theguardian.com/business/2023/dec/05/moodys-china-credit-outlook-negative-economy
https://www.reuters.com/world/china/3-moodys-cuts-china-credit-outlook-2023-12-05/
https://www.nytimes.com/2023/12/05/business/china-debt-moodys-outlook.html
- Moody’s downgraded its outlook on China’s government credit ratings to negative from stable.
- Moody’s expects Beijing’s support and possible bailouts for distressed local governments and state-owned enterprises to diminish China’s fiscal, economic and institutional strength.
- The ratings agency retained China’s “A1” long-term rating on the country’s sovereign bonds.
穆迪将中国政府信用评级展望从稳定下调至负面。
穆迪预计,北京对陷入困境的地方政府和国有企业的支持和可能的救助将削弱中国的财政、经济和制度实力。
评级机构维持中国主权债券“A1”长期评级。 -

更多资金正在离开中国。 商业组织称,随着信心减弱,外国公司正在将投资撤出中国More Money Is Leaving China. Foreign companies are shifting investment out of China as confidence wanes, business group says
https://youtu.be/rXIjDKYTLSU?si=YyiqpScr48Vui4hD
https://www.foxbusiness.com/economy/trade-war-companies-fleeing-china
https://www.koreatimes.co.kr/www/tech/2019/12/129_279961.html
https://www.forbes.com/sites/miltonezrati/2023/11/23/more-money-is-leaving-china/?sh=735e46c63acf
https://apnews.com/article/china-foreign-companies-investment-trade-a47887e2c89050d291ebd169b0989cc4
中国本已陷入困境的经济又面临着另一个问题。 外国公司(其中一些在中国历史悠久)正在重新考虑现代化和扩张的计划,并开始将利润转移到国内或亚洲其他地方,甚至更远的地方。 这种趋势有多种原因——有些是直接的,有些是更根本的——并且已经发展了一段时间。 然而,无论其原因是什么,它都让中国的经济复苏看起来更加成问题。China’s already beleaguered economy is facing yet another problem. Foreign firms, some long-established in China, are rethinking plans to modernize and expand and have begun to send their profits home or elsewhere in Asia and even further afield. The trend has diverse causes — some immediate, some more fundamental – and has been developing for some time. Whatever its cause, however, it has made China’s economic recovery looks even more problematic.



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90% of China’s tofu-dreg subways are losing money, including subway systems in 7 major cities 中国90%的豆腐渣地铁都在亏损,其中包括7个主要城市的地铁系统
是的。 这就是窃取被盗技术的“中国制造” yes it is. this is the “Made-In-China” by stealed technology













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又在中国发生了! 几乎每天都有矿井、桥梁和建筑物倒塌 11 die in coal mine accident in China’s Heilongjiang province 黑龙江省煤矿事故已造成11人死亡
https://www.globaltimes.cn/page/202311/1302683.shtml

Eleven people died in an accident at a coal mine in China’s northeastern Heilongjiang province on Tuesday, state media outlet CCTV said.
中国一直致力于提高矿山安全水平,打击多发事故。 8月,中国北部陕西省的另一场煤矿爆炸也造成11人死亡。 9月,中国南部贵州省发生煤矿火灾,造成16人死亡。就在几周前,中国北方一家煤矿公司大楼发生重大火灾,造成 26 人死亡、数十人受伤,但火灾并非发生在矿井本身。
The accident occurred at 3 p.m. (0700 GMT) at the Shuangyang coal mine of Heilongjiang Longmei Shuangyashan Mining Co, and is initially believed to have been caused by a rock burst, the report said.
The cause of the accident is under further investigation, CCTV added. Rock bursts happen when pent up energy stored in rock causes it to violently fracture.

China has been working on improving mine safety to combat accidents that happen with some frequency. In August, another coal mine explosion also killed 11 people in northern China’s Shaanxi province. A coal mine fire in southern China’s Guizhou province killed 16 people in September.
Just a few weeks ago, a major fire at a coal mining company building in northern China killed 26 and injured dozens, though the blaze was not in the mine itself.

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受需求不足拖累,11月中国制造业活动仍处于收缩状态 China’s manufacturing activity remains in contraction in November, weighed down by insufficient demand
China’s economy is still facing a bumpy recovery with various uncertainties, including a sluggish property market, fiscal pressures on local governments, a bleak export outlook and low confidence in the private sector.
S&P Global Ratings predicted in its economic outlook on Sunday that China’s economy would grow by 5.4 per cent in 2023, year on year, but could slow to 4.6 per cent growth next year.
“China’s outlook has improved, but obstacles remain,” analysts at S&P Global said.
“A property downturn is still a pain point for the Chinese economy, but growth momentum has slightly improved because of policy support.”
中国经济复苏仍面临坎坷,房地产市场低迷、地方政府财政压力、出口前景黯淡、私营部门信心低迷等不确定因素较多。
标准普尔全球评级周日在其经济展望中预测,2023年中国经济将同比增长5.4%,但明年增速可能放缓至4.6%。标准普尔全球分析师表示:“中国的前景有所改善,但障碍仍然存在。”
“房地产低迷仍然是中国经济的痛点,但由于政策支持,增长动力略有改善。”

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中国的全球大型项目正在分崩离析 China’s Global Mega-Projects Are Falling Apart 中国的全球大型项目正在分崩离析
https://www.wsj.com/articles/china-global-mega-projects-infrastructure-falling-apart-11674166180
Many of China’s Belt and Road infrastructure projects are plagued with construction flaws, including a giant hydropower plant in Ecuador, adding more costs to a program criticized for leading countries deeper into debt 中国的许多“一带一路”基础设施项目都存在建设缺陷,其中包括厄瓜多尔的一座巨型水电站,该项目增加了更多成本,该项目被批评导致国家陷入更深的债务
China Export Tofu Dreg Construction to the World: Making Other Nations Collapse | China Undercover 中国向世界出口豆腐渣建筑:让其他国家崩溃 中国卧底
















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“中国制造”。 中国的高铁噩梦。 偷来的火车技术即使在他们自己的土地上也无法很好地采用。”Made-in-China”. China’s High-Speed Rail Nightmares. Stole Train Technology couldn’t adopt well even on their own land.












China stole train technology from German and Japan as like Huawei started their business after stole network technology from Canada.
It looks China didn’t good at how to adopt stole technology into their business.中国从德国和日本窃取了火车技术,就像华为从加拿大窃取了网络技术后开始开展业务一样。
看起来中国并不擅长如何将窃取的技术应用到他们的业务中。 -

下陷的道路、倒塌的建筑、倒塌的桥梁:中国品质再上一个台阶。Sinking Roads, Collapsing Building, Falling Bridges: Chinese Quality is on Another Level. This is “Made-in-China” 这就是“中国制造
中国人被洗脑了“中国是一个优秀的领先科技国家”
Hebei, a popular bridge’s suspension cable snapped and the bridge deck caught fire.This bridge opend Sep. 28. 2023
Everywhere There Is Tofu in China
Highway Bridges Dangerously Undermined
Accusations of Systemic Corruption
Lack Oversight causing Infrastructure to Collapse河北一热门桥梁悬索断裂桥面着火. 该桥于 2023 年 9 月 28 日开放
中国到处都有豆腐
公路桥梁受到危险破坏
对系统性腐败的指控
缺乏监督导致基础设施崩溃 -

Bridges, Stadiums, Buildings Collapse Frequently in China. 中国桥梁、体育场馆、建筑物倒塌频发。
中国桥梁、体育场馆、建筑物倒塌频发。 超过一半的倒塌建筑是一年内建成的,包括医院、学校体育馆、高铁桥。就连中国在海外修建的机场、桥梁,习近平的“一带一路”项目也在中国境外土崩瓦解 . Bridges, Stadiums, Buildings Collapse Frequently in China. Over Half of collapsed constructions had been built-in a year including hospital, gym in school, high-speed train bridge.

















































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China’s coal hub Shanxi vows thorough probe after mining office fire kills 26 中国煤炭中心山西煤矿办公室火灾造成26人死亡后誓言彻底调查
chinas-coal-hub-shanxi-vows-thorough-probe-after-mining-office-fire-kills-26
中国各地灾难性事故层出不穷。 豆腐建筑物、洪水、火灾、电动汽车爆炸。 甬州煤业联合大楼火灾是近年来中国最严重的工伤事故之一
中国的煤炭生产商经常因安全标准松懈和执法不力而引发事故Endless disasters in China everywhere. Tofu-Buildings, Flooding, Fire, electric-car exploding. Blaze at Yongju Coal Industry Joint Building counts among deadliest workplace accidents in China in recent years
China’s coal producers are under constant scrutiny over accidents, often caused by lax safety standards and poor enforcement




































































































































