在过去的几个月里，中国的经济困境充斥着新闻，因为其期待已久的疫情后复苏尚未实现。大部分报道都集中在北京的“零新冠肺炎”政策对中国消费者信心和房地产行业崩溃的长期影响，以及习近平主席对私营部门的持续镇压和反腐败运动，该运动目前以医疗保健部门为目标。 但中国经济中的问题根深蒂固，在2020年初疫情爆发之前就已经很明显了。自2010年代以来，增长速度已经放缓，从2007年的12%以上减半到2019年的约6%，就在新冠肺炎爆发之前， and halving again to 3 percent this year, its lowest rate of growth in a generation. Nevertheless, this slowdown is partly by design, as a way to focus on the quality of growth and higher-level goals, such as technological innovation, improved air quality and reducing China’s persistently high…
Tag: china_economic_bubble 中国经济泡沫
china economy
Continue Reading
Italy is about to say to Beijing, ‘Hit the road, Xi’ 意大利即将对北京说：“习近平上路吧”
https://www.euronews.com/2023/09/08/italy-is-about-to-say-to-beijing-hit-the-road-xi 令人惊讶的是，意大利表示预计将退出中国雄心勃勃但陷入困境的“一带一路”倡议——这高调提醒人们该倡议未能实现其目标。 对于罗马来说，增加对华出口的承诺并未达到预期，而在整个南方国家，“一带一路”协议往往收效甚微，除了资助腐败、建设有缺陷或不需要的基础设施，并给低收入国家带来巨大的新债务负担已经在为基本服务提供资金而苦苦挣扎。 In a surprising twist, Italy has indicated that it expects to leave China’s ambitious but troubled Belt and Road Initiative — a high-profile reminder that the initiative has failed to meet its goals. For Rome, the promise of increased exports to China has not met expectations, while…
CCP
Continue Reading
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…
china economy
Continue Reading
China’s Outdated And Abandoned EVs Are Piling Up 中国过时的和废弃的电动汽车正在堆积如山
https://jalopnik.com/china-s-outdated-and-abandoned-evs-are-piling-up-1850752078 The cars were likely deserted after the ride-hailing companies that owned them failed, or because they were about to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…
CCP
Continue Reading
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 economy
Continue Reading
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…
CCP
Continue Reading
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…
CCP
Continue Reading
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.
CCP
Continue Reading
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…
brainwashing
Continue Reading
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
brainwashing
Continue Reading
Chinese Professor Says Youth Jobless Rate Might Have Hit 46.5% 中国教授表示，青年失业率可能已达到46.5%
An unusually public claim by a Chinese professor the country’s youth jobless rate might have hit close to 50% in March has stoked a debate about official data and a soft labour market, despite curbs on negative portrayals of the economy. 一位中国教授不同寻常地公开声称，该国的青年失业率在3月份可能已达到近50%，这引发了一场关于官方数据和疲软劳动力市场的辩论，尽管对经济的负面描绘有所限制。 — Read on money.usnews.com/
CCP
Continue Reading
墨西哥总统说，他的国家有证据表明，强力阿片类药物芬太尼正从中国非法运抵墨西哥。The Mexican president says his country has proof that illegal shipments of the powerful opioid drug fentanyl are arriving from China.
https://www.bbc.com/news/world-latin-america-65506087 “我们已经有了证据，”他说，并补充说，他将要求中国政府帮助停止货运。美国当局说芬太尼现在是美国药物过量死亡的主要原因。今年3月，在美国政客敦促中国国家主席习近平帮助缉毒斗争后，洛佩斯·奥布拉多（López Obrador）说，他已经写信给中国国家主席习近平，请求中国提供帮助。他星期五对记者说，他将向北京重复这一呼吁:”我们将以非常尊重的方式发送这一信息，以重申他们帮助我们。” “We already have proof,” he said, adding that he would ask the Chinese government to help stop the shipments.US authorities say fentanyl is now the main driver of US drug overdose deaths.In March President López Obrador said he had written to Chinese President Xi Jinping requesting Chinese…
china economy
Continue Reading
意大利放弃了“一带一路”倡议 | Euronews Italy abandons the ‘Belt and Road’ initiative | Euronews
The scheme is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in more than 150 countries and international organizations. — Read on www.euronews.com/2023/05/12/italy-abandons-the-belt-and-road-initiative
china economy
Continue Reading
中国城市中有五分之一的年轻人失业。 北京要他们下地干活 One in 5 young people in Chinese cities are out of work. Beijing wants them to work in the fields
https://www.cnn.com/2023/04/30/economy/china-youth-unemployment-intl-hnk/index.html 随着中国青年失业率的飙升，中国最富裕的省份提出了一个极具争议的解决方案：将 30 万失业青年送到农村，用两到三年的时间找工作。 毗邻香港的制造业强国广东省上个月表示，将帮助大学生和年轻企业家在农村找到工作。 它还鼓励农村青年回到农村寻找工作。 在宣布这一消息之前，习近平主席去年 12 月呼吁城市青年到农村寻找工作，以努力“振兴农村经济”，这与前领导人毛泽东几十年前发起的一项运动相呼应，其中有数千万人 城市青年实际上被流放到了中国的偏远地区。 As the jobless rate among China’s youth soars, the country’s richest province has offered a highly controversial solution: Send 300,000 unemployed young people to the countryside for two to three years to find work. Guangdong, the manufacturing powerhouse that abuts…
brainwashing
Continue Reading
中国可疑的人口数据 – China’s dubious population data – Taipei Times
Bringing Taiwan to the World and the World to Taiwan — Read on www.taipeitimes.com/ 中国人口数据不可靠有几个原因。首先，中国地方政府有强烈的动机来夸大人口数字。更多的居民意味着来自中央政府的更大财政转移，包括用于教育、养老金和减贫等优先事项的资金。同样，家庭可能会声称拥有更多成员来获得更多福利。 政治为夸大出生数字提供了另一个动机。例如，为了表明从一胎到两胎政策的转变奏效——并使官员的职业生涯受益——中国国家卫生和计划生育委员会宣布2016年有1885万例新生儿，比前一年增加了27%。 There are several reasons that Chinese demographic data are unreliable. For starters, China’s local governments have a strong incentive to inflate population figures. More residents mean larger fiscal transfers from the central government, including…
china economy
Continue Reading
中国可能面临金融危机 中国将面临数万亿债务城市奉行零冠政策:华尔街日报 China May Face Financial Crisis With Cities Under Trillions Of Debt Following Zero-Covid Policy: WSJ
Brutal lockdown cost cash ran out of local government in China
CCP
Continue Reading
全球化有了新的转折，远离中国-Worldcrunch Globalization Takes A New Turn, Away From China – Worldcrunch
This is a golden opportunity to seize for India, Vietnam, and the many other countries that are now offering themselves as alternatives. Not that Vietnam is any less communist or more respectful of freedom than Beijing, but it keeps a good distance from China and enjoys good relations with Washington….
china economy
Continue Reading
China’s debt-laden local governments pose challenges to economic growth, financial system 中国负债累累的地方政府对经济增长、金融体系提出了挑战
https://www.reuters.com/world/china/debt-laden-local-governments-pose-fresh-challenges-chinas-growth-financial-2023-03-10/ As debt obligations mount, some local governments are pushing banks to extend maturities and cut interest rates, sources said. Local Government Financing Vehicles (LGFVs) have 5.5 trillion yuan ($790 billion) worth of onshore bonds coming due this year, the highest since 2021, according to Fitch. A sharp drop in…
brainwashing
Continue Reading
“China suffering from housing crisis” 中国遭遇住房危机.政商勾结政商勾结
8年前因公司破产而动工的工程已经停止。 很多被搬到临时同意的房子的人都在深深的悲伤中，没有希望可以搬新房子。 中国的泡沫经济造成了巨大的问题和危机。
CCP
Continue Reading
Why has China announced its lowest growth target in decades? 为什么中国宣布了几十年来最低的增长目标？
https://www.aljazeera.com/economy/2023/3/6/why-did-china-set-its-lowest-economic-growth-target-in-decades Excluding 2020, when COVID-19 upended the global economy, last year’s economic growth rate was the lowest since 1976, the last year of Mao Zedong’s cultural revolution.Although China’s economy appears to be rebounding strongly from the pandemic — manufacturing activity in February, for example, smashed expectations, expanding at the fastest…