
Tag: china_economic_bubble 中国经济泡沫
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现在想找回你的钱袋似乎太晚了 It looks too late to make get back your money pocket
3月30日,凤凰网风声发表社论 多部委密集会见跨国公司掌门人,莫让民间排外情绪扰乱营商环境。 文中认为,吸引外资对于中国促进经济增长、增加就业机会以及推动技术创新具有重要意义。 排外声音对国家继续扩大、深化对外开放制造了难题。底层出现的排外情绪和上层政策的对外开放不应该长期并存。
On March 30, ifeng.com published an editorial on the matter. Many ministries and commissions met intensively with the heads of multinational companies to prevent xenophobia among the people from disrupting the business environment. The article believes that attracting foreign investment is of great significance to China in promoting economic growth, increasing employment opportunities and promoting technological innovation. Anti-foreign voices have created difficulties for the country to continue to expand and deepen its opening to the outside world. The anti-foreign sentiment at the bottom and the opening-up policies at the top should not coexist for a long time.
Why China is suddenly playing nice with US businesses 为什么中国突然对美国企业友好
China vows to treat foreign firms equally amid industrial upgrade push … 中国誓言在产业升级推动下平等对待外国企业
China steps up pursuit of foreign investors, as companies await … 中国加大了对外国投资者的追捧,因为企业正在等待…
Are Chinese companies leaving China? (2024) – investguiding.com 中国公司要离开中国吗?(2024) – investguiding.com


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中国已习惯贫困,2024年 China accustomed to poverty
在Covid-19的残酷封锁之后,贫困又回到了中国。 以房地产市场为首的中国传统泡沫经济破产,年轻人就业率下降,包括很多银行在内的货币匮乏,政府经济政策迷失方向,工厂关闭,外国公司离开中国,大灾难 在中国的每一天、每一个角落。
Poverty has returned to China following brutal lockdown to Covid-19. The Bankrupt of China’s traditional bubble economy that has been leaded by housing market, downfall of youth job rate, lack of monetary including a lot of banks, lost-way government’s economy policy, shut-downed factories, leaving foreign companies from China, big disasters on every day, everywhere in China.

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中国今后还会下滑多少?
- 房地产市场建设业崩溃
截至2024年3月,
中国十大房地产建设企业中有七家处于破产状态。 随着占中国国家经济60%以上、引领泡沫的房地产沉没,中国经济接连跌入深渊。 所有这些房地产商都与中共官员息息相关。
中国土地归国家所有,因此建设和房地产开发必然与政府挂钩。
万达、恒大、碧桂园等中国所有大型房地产开发商,
中国60%以上的资金都聚集在这里,他们破产后放贷的银行、用各种贷款和信贷购买新房后仍未能完成的建筑物上愤怒跳楼的人民、来自杀的入住者家里催还贷款的银行职员们…… - 工厂制造业
被称为世界工厂的中国制造业也因全球不景气、中国内需经济不景气、中国人和中国政府对中国产品的反感,很多工厂破产或生产量正在减少。 - 银行金融
向房地产提供无限贷款的中国大型银行因无法回收贷款而面临破产危机。 地方的小银行被四大银行合并,四大银行依靠政府无限量发行的人民币勉强维持着这种呼吸。
普通老百姓的现金提取是否受到限制是很久以前的事情了。
继许多地方银行的破产和合并之后,地区大型银行广州银行、全国超大型银行招商银行也传出了破产说。
银行破产会引起企业破产无法比拟的巨大影响,因此,政局政府对银行破产和财政困难严加控制,
中国人民在不知不觉中发生了自己的账户被冻结或主交易银行消失的令人哭笑不得的事情。
当然,如果对此提出抗议或质疑,就会被共产党保持沉默。 - 就业难
中国65%以上的大学毕业生没有工作。
三年前,中国共产党开始把全国所有的农田收归国有。 目前,一半以上的农田变成了政府所有的农田,自家土地耕种的农民沦落为政府的佃农,
中国共产党成为中国历史上管理农田最多的大地主。
随着青年失业问题日益严重,习近平想出的对策是让青年们到国家所有的农田务农。 法学院学生、文学艺术生都可以务农。
中国青年为什么要费力读书,让父母折腾,花昂贵的学费上大学? 从一开始就在父母身边种地,应该比现在生活得更好吧… 他们以后很有可能发展成反共产党势力。

5. 国民经济
应该说,在1号、2号、3号和4号中,没有一个中国人不受影响。6. 愤怒调节障碍
中国各地反社会、反人类的犯罪每天都在不断发生。 将汽车冲向印度行人造成多人伤亡的犯罪在中国几乎每天都有发生。 特别是,对以儿童为对象的凶恶犯罪,甚至到了无话可说的程度。 大白天在公路上挥舞凶器或使用暴力的事情并不特别。
目前,中国每天都会发生青少年欺负、杀害同年级学生后埋在地里、因校园暴力、敲诈钱财自杀、13岁少年光天化日之下在路上强奸8岁女孩等事件。7. 疾
covid-19变种每隔2~3个月定期流行一次,每次出现新的变种时都变得强烈。
特别是儿童呼吸道质管和肺炎的发展,中国当局否认了这一事实。
中国发生的covid-19变种很有可能是从3年前开始向中国人接种的sinopharm的预防注射引起的副作用,当时也曾对全世界尚未验证的中国疫苗接种进行过决断。
据悉,虽然被共产党彻底保密,但相关疫苗生产企业负责人和研究员、保健当局相关人士已经因涉嫌疫苗无效、副作用、强制接种而获得巨额金钱利益而正在接受调查,部分审判已经开始。8. 拖欠工资
不仅是普通私营企业,国家公务员的工资也在6个月到1年以上未支付。
令人震惊的是,
学校因没有运营资金而关门,相关学校的学生可以上学的距离内没有其他学校。
学校教师们蜂拥到相关政府机关,要求支付拖欠的工资,被警察带走。
逮捕他们的警察也拿不到工资。
街道清洁工没有工资,街上垃圾堆积,公共公园等被关闭。
警察,军人工资6个月以上未支付,9. 人民愤怒抗议和集会
2024年3月,
中国语中随处可见的愤怒的人民的抗议和集会,被警察强行镇压和带走。10. 事件事故
看看中国每天发生的火灾、爆炸、倒塌、死亡、暴力、儿童犯罪,
由此可见,这里比战争中的乌克兰、巴勒斯坦、受到恐怖攻击的莫斯科还要可怕。
桥梁倒塌,建筑物被炸毁,山火不仅烧毁了数百座山,还蔓延到了民宅,不断发生人员伤亡,
中国政府似乎只是在进行祈雨祭。
为了得到政府的补贴,生产出大量劣质电动汽车和电动踏板车四处爆炸。
偷盗德国技术制造的高铁及其桥梁倒塌、损坏,逐渐暴露出偷盗技术的局限性。
在明显暴露出炸弹导致建筑物倒塌的事件中,也因煤气泄漏敷衍了事,封锁了记者兹尔的采访,
他们在8个小时内用推土机将爆炸现场夷为平地,做出了无耻的行为。
在查明爆炸原因之前,可能会有的”探索生存者和现场调查”等基本过程就是”反正”。How much more will China fall in the future?

- the collapse of the construction industry in the real estate market
As of March 2024,
Seven of China’s top 10 real estate builders are in bankruptcy. China’s economy is falling into the abyss one after another as real estate, which has led to bubbles, has sunk, accounting for more than 60% of the country’s national economy. All of these real estate companies are closely related to Chinese Communist Party officials.
Due to the nature of China, where land is owned by the state, construction and real estate development are inevitably linked to the government.
All the big real estate developers in China, including Wanda, Evergrande, and Bigukwon
More than 60% of all money in China is concentrated here, the banks that they helped when they went bankrupt, the people who are angry and jumping out of buildings that are unfinished after purchasing a new house with all kinds of loans and loans, and the bank employees who come to urge the house of a suicidal tenant to repay their loans… - factory manufacturing
China’s manufacturing industry, which used to be called the “world’s factory,” has also failed or its production is shrinking due to a global recession, a recession in China’s domestic economy, and antipathy against Chinese and the Chinese government’s Chinese products. - bank finance
China’s giant banks, which gave unlimited loans to real estate, are on the verge of bankruptcy on their own because they cannot recover their loans. Small local banks are being merged into the four largest banks, and the four largest banks rely on the government’s indefinite renminbi to maintain their breathing.
It has been a long time since the cash withdrawal of ordinary people was restricted.
Following the bankruptcy and mergers of numerous local banks, rumors have been circulating that Guangzhou Bank, a large regional bank, and Portrait Bank, a large national bank, are bankrupt.
Because the bankruptcy of a bank has an unprecedented impact on corporate bankruptcy, the political government controls the media thoroughly when it comes to bank bankruptcy and financial difficulties,
Without their knowledge, the Chinese people are having a laughable situation where their accounts are frozen or their main bank is lost.
Naturally, protesting or questioning this is silenced by the Communist Party. - employment difficulty
More than 65 percent of Chinese university graduates do not have jobs.
The Communist Party of China began nationalizing all farmland across the country three years ago. More than half of the farmland has now been turned into government-owned crops, and farmers who used to farm on their own land are being reduced to government peasants,
The Communist Party of China has become the largest landowner in China’s history to manage the largest number of farmland.
As the youth unemployment crisis became serious, Xi Jinping’s idea was to send young people to state-owned farmland to farm. Both law students and literature and art students can farm.
Why did young Chinese students study hard, bend their parents’ spine, and go to college with expensive tuition? They had to farm for their parents from the beginning, and it would have been a much better life than now… They are very likely to develop into anti-Communist forces in the future. - people’s economy
It should be seen that no Chinese people are affected by any of the 1, 2, 3 and 4. - anger control disorder
Anti-social and anti-human crimes are occurring every day in various parts of China. Crimes that rush cars onto pedestrians and cause numerous casualties occur almost every day in China. In particular, heinous crimes targeting children are at a loss for words. It is not special to wield a weapon or violence on the road in broad daylight.
Now, in China, teenage students harass and kill their peers, bury themselves in the ground, commit suicide through violence in schools and extortion, and a 13-year-old boy rape an 8-year-old girl on the road in broad daylight every day. - a disease
The Covid-19 variant circulates periodically every 2-3 months, and becomes stronger each time a new variant comes out.
In particular, it is not developing into the respiratory tract and pneumonia of Arin children, but the Chinese authorities deny this fact.
The Covid-19 variant that occurs in China is highly likely to be a side effect of Sinopharm’s vaccination, which was used to inoculate Chinese people three years ago, and at that time, China’s vaccination, which was not verified around the world, was not confirmed.
Though completely hidden by the Communist Party, the vaccine maker’s head, researchers and health officials are already investigating the vaccine for its ineffectiveness, side effects, and taking enormous financial benefits from forced vaccination, with some secretly saying the trial has begun. - unpaid salary
Salaries of state officials, as well as general private companies, are unpaid for six months to more than a year.
What’s shocking is,
The school is closed due to lack of operating funds, and there is no other school within the distance for the students of the school to go to school.
School teachers flocked to the relevant government offices and were arrested by the police for asking for overdue payments.
The police who are taking them into custody are also not being paid.
Street cleaners are not paid, so there is a pile of garbage on the streets and public parks are closed
Police officers, military salaries not paid for more than six months, - a public outcry and rally
March 2024,
Protests and rallies by angry people everywhere in China, forced suppression and detention by police - incidental accident
If you look at the fires, explosions, collapses, deaths, violence, and child crimes that occur every day in China,
It can be seen that this is a hell of a place more than Ukraine, Palestine, or Moscow, which is at war.
Bridges have collapsed, buildings have been destroyed, wildfires have burned hundreds of mountains, and they have expanded to private homes, causing continuous loss of life,
The Chinese government seems to be doing nothing but a rain ritual.
Bad electric cars and electric scooters, which have been produced in huge quantities for government subsidies everywhere, are exploding.
High-speed trains and bridges built by stealing German technology have collapsed and broken, showing increasing limitations of stolen technology
Even in an incident where it is clearly revealed that the building was collapsed by a bomb, gas leaks were used to block Gizelle’s coverage,
He is acting shamelessly by bulldozing the explosion site in eight hours.
Before determining the cause of the explosion, the basic process such as “survivor search and field investigation” is Ubi.

- 房地产市场建设业崩溃
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2024 年 3 月,中国许多学校因无运营资金而关闭 a lot of schools has closed by no-operation money in China, Mar 2024
近日,广州市天河区岭南中英文学校将倒闭,400多名小学生面临无书可读困境,近百名家长准备集体签名到教育局拉横幅维权请愿,被警察逐一打电话并上门警告,请愿签名现场家长被开特警车及大巴前来的十多名警察维稳 。
所有微信聊天群里签名要上访的70多位家长都收到警察的电话及上门警告
Translated from Chinese by
Recently, Lingnan Chinese and English School in Tianhe District, Guangzhou City will close down. More than 400 primary school students are facing the dilemma of having no books to read. Nearly a hundred parents prepared to sign a collective petition to the Education Bureau to hold a banner to protect their rights. The police called them one by one and came to warn them. The petition was signed at the scene. The parents were stabilized by more than a dozen police officers who arrived in special police cars and buses.
All the more than 70 parents who signed a petition in the WeChat chat group received calls and door-to-door warnings from the police.


2024 年 3 月,中国许多学校因无运营资金而关闭。家长抗议要求学校继续开放,但中国警方在与家长一一会面后威胁要停止抗议。
中国政府只把资金投入破产的房地产市场而不是拯救学校. 我们正在看着你! 你们这种人怎么敢对共产党发怒呢?a lot of schools has closed by no-operation money in China, Mar 2024. Parents are protesting to keep open school but China police threat to stop protesting after meet parents one by one.
China government put funds only into bankrupt housing market not save schoolWe are watching you ! How dare your kinds of people can angry to communist party ?
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Watch China on Mar 10 2024. What a beautiful China it is ! 2024年3月10日看中国,多么美丽的中国啊!未经审查的.真正的中国地狱还没有开启。
2024年,中国各地,抗议拖欠工资、建筑公司破产、学校因缺乏运营资金而关闭、警察残酷拘留。 真正的中国地狱还没有开启。 Everywhere in China on 2024, protest for un-paid salary, bankrupted construction companies, closed school by lack of money to operate, Brutal custody by police. Real China hell is not opened yet.



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我不能什么都不去想。 如果你说了什么,你就进过监狱或精神病院。无话可说也是一种犯罪。如果你无话可说,就会被当作你对我们的政权不满意I can’t think about nothing. If you say something, you have been in prison or a mental hospital. Nothing to say is also a crime. If you have nothing to say, you will be treated as dissatisfied with our regime.
i can’t have nothing to think about. if you say anything, you’ve been in jail or mental treatment hospital.
We’re in an era only allows praise, having nothing to say is also a crime here.
If you have nothing to say, you will be treated that you’re dissatisfied with our regime. The only thing you can do is praise our regime.我不能什么都不去想。 如果你说了什么,你就进过监狱或精神病院。
我们处在一个只允许赞美的时代,无话可说也是一种犯罪。
如果你无话可说,就会被当作你对我们的政权不满意。 你们唯一能做的就是赞扬我们的政权。
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大批中国人民涌入美国边境和韩国非法越境。 中国政府和中国大使馆否认中国人逃出中国。 当然,被洗脑的中国人永远不会知道真相。 中国人不想再住在中国了。Huge Chinese peoples are flooding into US border and Korea for illegal border crossing. Chinese’s run out of China is denied by China Government and China Embassies. Of Course, Brainwashed Chinese people never know the truth. Chinese does not want live in China anymore.
School teachers family, Government employees, Business owner, Mid-Class of of China trying to leave China go for free countries.







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World De-Coupling From China Is Proceeding. There Can Be No Doubt 世界与中国的脱联正在继续。毫无疑问
Most striking in the data is that China has lost pride of place as the biggest exporter to the United States. That distinction now goes to Mexico. Most of this change is due to the independent efforts of American buyers to diversify away from China .. 数据中最引人注目的是,中国已经失去了美国最大出口国的地位。 现在,这种区别属于墨西哥。 这种变化大部分是由于美国买家在中国之外独立努力实现多元化
European figures are less complete, but reports from Berlin’s Statistisches Bundesamt show that German imports from China overall fell some 13% over the past year 欧洲的数据不太完整,但柏林联邦统计局的报告显示,过去一年德国从中国的进口总体下降了约 13%

Japan and South Korea have also disengaged from China, at least to a degree. The statistical interpretation depends on the complex nature of the relations between these two economies and China. Much of their trade revolves around Japanese and South Korean operations set up in China. Japan and South Korea export parts, components, and supplies to their China operations and import the finished products back to their domestic markets. The data on imports from China may not yet be readily available, but Chinese sources indicate that Japanese and South Korean exports to China have fallen, indicating a de-emphasis of their China-based operations. It is also telling that at the same time, Japanese and South Korean exports to the United States, according to Washington’s Bureau of the Census, have increased and now surpass China’s. 日本和韩国也至少在一定程度上脱离了中国。 统计解释取决于这两个经济体与中国之间关系的复杂性。 他们的大部分贸易都围绕日本和韩国在中国设立的业务进行。 日本和韩国向其中国业务出口零部件和用品,并将成品进口回国内市场。 来自中国的进口数据可能尚未公布,但中国消息人士称,日本和韩国对中国的出口已经下降,表明它们不再重视在华业务。 与此同时,根据华盛顿人口普查局的数据,日本和韩国对美国的出口有所增加,目前已经超过中国。
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Chinese President Xi Jinping Grappling With $7 Trillion Downturn As Country’s Debt Levels Soar, Real Estate Collapses And Markets Pull Back Over 21% From 2021 Highs 随着国家债务水平飙升、房地产崩溃以及市场从 2021 年高点回落超过 21%,中国国家主席习近平正在努力应对 7 万亿美元的经济衰退
As China grapples with the fallout from a $7 trillion stock decline, officials are gearing up to brief President Xi Jinping on measures to stabilize the market. This move signifies Beijing’s urgency to restore investor confidence and halt the market’s slide, which has erased a significant value from Hong Kong and China equities since their 2021 peaks. The Shanghai Composite Index, for example, is down over 21% from its high in December 2021.
The downturn has been attributed to a variety of factors, including regulatory crackdowns, geopolitical tensions, real estate defaults and internal economic pressures, prompting a call for decisive action to prevent further damage to consumer confidence, especially as the country approached the Lunar New Year holiday.
在中国努力应对 7 万亿美元股市下跌的影响之际,官员们正准备向习近平主席通报稳定市场的措施。 此举表明北京方面迫切需要恢复投资者信心并阻止市场下滑,自 2021 年高峰以来,市场下滑已使香港和中国股市大幅贬值。 例如,上证综指较 2021 年 12 月的高点下跌了 21% 以上。
经济低迷是由多种因素造成的,包括监管打压、地缘政治紧张局势、房地产违约和内部经济压力,促使人们呼吁采取果断行动,防止消费者信心进一步受损,特别是在中国临近农历新年假期之际 。
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不,中国经济最大的威胁是你,习近平,不是你的太空靶。 习近平刚刚解雇了中国最大的市场监管机构。 这表明他的注意力仍然集中在控制上。
No. The Biggest threat to China economics is You, Xi, not your spacegoat. Xi just fired China’s top markets regulator. It shows his focus is still on control above all else.

- Beijing replaced the boss of the China Securities Regulatory Commission, the country’s markets regulator, on Wednesday.
- The development followed news from Bloomberg that Xi was to be briefed on the state of the markets.
- China and Hong Kong’s stock markets have lost trillions of dollars since hitting their peaks in 2021.
北京周三取代了该国市场监管机构中国证券监督委员会的老板。
彭博社的消息称,习近平将听取市场状况的简报。
中国和香港股市自2021年达到峰值以来已经损失了数万亿美元。 -

中国股市:愤怒的中国人在美国大使馆的社交媒体账户上发泄股票暴跌 China stock market: angry Chinese take to US Embassy’s social media account to vent about plunging shares | CNN Business
中国有数万人涌向一个不寻常的地方,以发泄他们对该国股市持续崩溃的愤怒。
他们一直在美国驻北京大使馆的中文社交媒体账户上发表评论,对市场暴跌表示愤怒和沮丧。
在经历了多年来最糟糕的一周后,中国大陆市场周一再次暴跌。上海和深圳市场有1800多只股票, Tens of thousands of people in China are flocking to an unusual venue to vent their outrage about the continuing meltdown in the country’s stock market.
They’ve been posting comments on a Chinese-language social media account of the US Embassy in Beijing expressing anger and frustration with the market rout.
Mainland Chinese markets slumped again Monday after their worst week in years. More than 1,800 stocks on the Shanghai and Shenzhen markets, accounting for a third of all stocks listed in China, slumped more than 10%.
— Read on edition.cnn.com/2024/02/05/investing/china-stock-market-plunge-us-embassy-weibo-hnk-intl/index.html -

China’s property market is failing. These are the 3 new growth areas Beijing is focusing on to pull itself out of a tailspin 中国的房地产市场正在衰退。 北京着力摆脱困境的三个新增长领域
但是,习近平和他的内阁不够聪明,无法恢复被他毁掉的中国经济. But, Xi and his cabinet is not smart enough to get back China’s economy that he has ruined
China’s economy has been struggling to recover post-pandemic, and its real-estate crisis isn’t helping.
President Xi Jinping’s administration is now looking at other industries for growth.中国经济在疫情后一直在努力复苏,而房地产危机也无济于事。
习近平主席的政府现在正在寻求其他行业的增长。 -

Dire Economic Trend Is a Huge Blow to Xi’s China 严峻的经济趋势对Xi的中国来说是一个巨大的打击
The gap between the first and second-largest economies threatens to widen as China struggles with “economic long COVID.”
— Read on www.newsweek.com/china-xi-jinping-economy-gdp-overtake-us-1858561随着中国与“经济长期新冠病毒”作斗争,第一和第二大经济体之间的差距可能会扩大。
该国在新冠肺炎大流行期间从长达多年的防病毒政策中复苏,这辜负了一些分析师的预期,几个月的轮流封锁、房地产市场陷入困境以及外国直接投资的减少。
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Chinese shadow bank Zhongzhi files for bankrupcty 中国影子银行中植申请破产
https://www.cnn.com/2024/01/05/business/chinese-shadow-bank-zhongzhi-bankrupcty/index.html
https://www.bbc.com/news/business-67890633

中国财富管理公司中植企业集团因未能偿还债务而申请破产清算,该公司正努力应对房地产市场日益低迷的局面。
中国首都北京一家法院周五在一份声明中表示,中植公司以无法清偿到期债务且资产不足以清偿全部债务为由申请破产。
法院表示,根据我国企业破产法的规定,受理了中植公司的破产清算申请。
中植银行是中国规模达 3 万亿美元的影子银行领域的主要参与者(其规模与法国经济规模相当),其日益恶化的困境加剧了人们对中国房地产债务危机正在蔓延到更广泛的金融领域的担忧。
该公司在中国房地产行业拥有大量投资,该公司在 11 月份的一封信中向投资者致歉,称该公司严重资不抵债,负债高达 640 亿美元。

Chinese wealth manager Zhongzhi Enterprise Group has filed for bankruptcy liquidation after failing to repay debt, as the firm grapples with a deepening property market downturn.
Zhongzhi applied for bankruptcy on the grounds it could not pay its due debts and its assets were insufficient to pay all its debts, a court in China’s capital Beijing said in a statement on Friday.
The court said it accepted Zhongzhi’s bankruptcy liquidation application in accordance with China’s enterprise bankruptcy law.
The worsening woes at Zhongzhi, a major player in China’s $3 trillion shadow banking sector — roughly the size of the French economy — add to worries that the country’s property debt crisis is spilling over into the broader financial sector.
The company, which has sizable exposure to China’s real estate sector, apologized to its investors in a letter in November that said it was heavily insolvent with up to $64 billion in liabilities.

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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
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/ -

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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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























































