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uncensored | Joined since 2021-09-16

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News & Blogs

2022-01-11 16:53 | Report Abuse

Why Beijing is Cracking down on the Entertainment Industry? For political, economic and more reasons
From August 27 to 28, China's Internet Information Office, the website of the Central Commission for Discipline Inspection and State Supervision, and major official media outlets published articles criticizing the incessant negative press in the entertainment industry.
They said that celebrities should not step on the red line, otherwise their acting career would be over.
China's General Administration of Radio, Film and Television (SARFT) has also informed several government agencies of " entertainers with poor track records" and asked them to investigate and purge the list. At the same time, China's social media Weibo and major film and television websites have been removing the content of some artists.
All Chinese people can feel that a major crackdown on the Chinese entertainment industry is coming. Some sources reveal that more Chinese entertainers will be gone in the near future, so it can be said that "it's useless to be famous! The biggest names are yet to come.”

https://www.youtube.com/watch?v=bl3I_FdmCmY

News & Blogs

2022-01-11 16:34 | Report Abuse

It takes only 1 day from getting snitched to be fired or shut out for Chinese celebrities
Social media like Facebook or Twitter are banned in China. But China has its equivalent version of those social media such as WeChat and Weibo. Sharing snippets of life and insights in "circle of friends" on social media has become a daily occurrence for Chinese people. But now, they need to be extra careful about their sharing.
On August 18, the head coach of a leading Chinese football team made some drunken comments at a dinner party with his friends, which were filmed by a friend sitting across the table and posted on the internet.
On the same day, the Club where he worked announced they would suspend all his managerial duties, effective immediately. So what did the team's head coach say?

https://www.youtube.com/watch?v=Ie22buugL4Q

News & Blogs

2022-01-11 16:22 | Report Abuse

When doom day come they can still survive
hahahaha

News & Blogs

2022-01-11 16:22 | Report Abuse

treasurehunt I am prescribing heart strengthern medicine for the old pinky com...

Trying to build up their heart now for future when the reality strike...

News & Blogs

2022-01-11 16:19 | Report Abuse

What talking you ? Just highlighted the problems & what happen in China.
Covering up will the problems overnight disappeared ? Don't want know does not means that the problems do not existed

>>>>>>>>>>>>>>>>>>>>>>>
Posted by qqq3333 11/01/2022 3:47 PM > what other country under constant attack by another country?


what is the agenda of the attack?

News & Blogs

2022-01-11 16:17 | Report Abuse

Ha..Ha...Ha.... aiyo... fact do not care about how they feel la...

News & Blogs

2022-01-11 16:11 | Report Abuse

中共不计代价“清零”到底为什么?中共正在建一个法力无边的“海外省”;“别吃中国肉”!德国政府警告奥运选手;CNN:这次美俄谈判 普京将认清谁才是老大(《万维读报》20220110-

https://www.youtube.com/watch?v=wSEcpANteOA

News & Blogs

2022-01-11 15:49 | Report Abuse

【好文欣赏】《底层之恶》—- 那种恶,无边无际。2022.01.10NO1086#底层之恶#孙毅安

https://www.youtube.com/watch?v=FBRoHhH8dj0

News & Blogs

2022-01-11 15:42 | Report Abuse

5 Lies China Told the World
Have you heard people say China has lifted millions of people out of poverty?

How about that China is a "developing" country?

Or that the CCP has never invaded another country?

In this episode of China Uncensored, we debunk some of the most common lies that China has told the world.

https://www.youtube.com/watch?v=1owJmdu-UP4

Stock

2022-01-11 15:35 | Report Abuse

Current situation due to international chips shortage. Once these is over estimated end of this year, this sector is bounced to be on up trend.

News & Blogs

2022-01-11 15:28 | Report Abuse

The root cause of tofu-dreg projects in China: the culture of lies is ruining China after 1949
Here, we will briefly explore: Why are there so many manufacturing and management failures in China? Will the CCP be able to improve the poor quality of made in China in the future?
Since the new party leader Xi Jinping took office in 2012, he has launched a massive anti-corruption campaign that has hit hundreds of thousands of officials. Xi himself seems to believe in the deterrent power of communist totalitarianism, but he doesn't appear to see the essence of the culture that the communist system has created.
If one looks at the history of China and the West, it’s probably safe to assume that the nature of communism is based on three words: lies, wickedness, and struggle.
This party culture encourages people to lie. In the 100 years of the Communist Party's history, it has created a country that is like a building with jerry-built materials. When there is a real disaster, the building can't hold up and will collapse.

https://www.youtube.com/watch?v=tsxgVHtMVug

News & Blogs

2022-01-11 15:27 | Report Abuse

中國淪陷,北京軟封;天津爆發前一周人都去哪了?這張圖令人心驚;上海被迫就地隔離;紅二代揭秘中共現代嬪妃:從中共3號到開國上將;洪門宴曝江派人脈?習近平正好下

https://www.youtube.com/watch?v=jCZjb3ehJb4

News & Blogs

2022-01-11 15:23 | Report Abuse

天津早有隱瞞病例,病毒已傳播超5代?病毒已入北京?冬奧會將受衝擊!交警喊話失效,群眾瘋搶物資;居民門口敲鑼,或更嚴厲封城;5年備孕懷胎,39週胎兒沒了心跳【新
天津的疫情爆發,似乎更為人矚目,關鍵原因有多個方面。一方面是天津第一個證實奧米克戎在傳播,很可能傳播已經超過5代;第二方面是天津與北京接壤,病毒可能已經進入了北京,帝都通報可能只是時間問題;第三方面是疫情可能對北京處心積慮舉辦的冬奧會形成衝擊。

我們就從這三個方面,重點談談天津的疫情。其中有一些天津當地網友發給我的獨家視頻,尤其是在住戶門口敲鑼的場景,看起來讓人心驚。

https://www.youtube.com/watch?v=G6-msdaFYU4

News & Blogs

2022-01-11 15:22 | Report Abuse

财经冷眼:2022年中国经济的12个预言!(20220111第709期)

https://www.youtube.com/watch?v=kLuQwwGQd1g

News & Blogs

2022-01-11 15:21 | Report Abuse

中國態度把美國「逼成敵人」!?吳:中美40年友善關係畫下句點 習近平「頭大的開始」!?【關鍵時刻】吳子嘉
普丁處理問題是世界第一狠將!吳:拜登扭扭捏捏讓世界大國之間更多怪事發生!?
普丁派惡名昭彰45特戰旅到哈薩克 從車臣打到阿富汗到處血流成河!
習近平頭痛不安了? 吳子嘉:普丁找到機會吃下哈薩克部隊不會撤了!
中二選區林靜儀大獲全勝扳倒顏家 吳子嘉:補選失利重傷是盧秀燕!
擾動台中市政壇?真正敵人是盧秀燕? 吳子嘉:民進黨已經準備好了!
Omicron來勢洶洶!機場淪陷、計程車風險增 吳子嘉:到現在才「包車」?


https://www.youtube.com/watch?v=4Bk2BSzcNSA

News & Blogs

2022-01-11 08:27 | Report Abuse

stockraider Liar, 無賴, selfish, snaky,
stockraider liar , evil hearted self proclaimed RICH means owning 15 unit of Low Cost Flats.

White worshipper, always like to mention about America.


.........C..O...P...Y.........C...A...T

..............CHINA..汉奸.... 走狗

..................S....H....A....M....E
............................O...N
...........................Y...O...U

stockraider LIAR
Lying on
1. Fire insurance matter
2. Helping the poor (you owned 15 unit FLAT)
3. TP on shares
4. Buying price on shares
5. China CPC matter
6. USA matter
7. Hong Kong matter
8. Falun Gong
9. Common prosperity
10. Your motive

News & Blogs
News & Blogs

2022-01-11 00:00 | Report Abuse

另一名同样来自四川的青山工业园工人梁师傅(化名)则在雅加达国际机场附近的一家隔离宾馆,他原本8月底返国,同样因为检测多次不及格,被迫隔离至今。

他对自己的公司没有任何投诉,并称公司正想方设法协助他离开都不得要领,他只希望中国政府能放松血清抗体检测要求,让他和其他滞留工人早日回国。

目前从世界各地前往中国大陆,必须先从当地中国使领机构取得“健康码”,据中国驻印尼大使馆自9月1日起修订的政策,企业赴华人员须提前21天进行闭环隔离,其他人应配合执飞航空公司进行必要天数闭环隔离。

此外,登机前七天和前48小时内,须前往指定机构进行“核酸和血清IgM、IgG抗体检测”,如核酸检测结果为阴性,但血清抗体IgM和IgG检测有出现阳性,则可能被要求自我隔离多14天才能申请健康码或是使馆按个别情况批出“绿码”。

由当地华人组成的印尼新冠救援团在其微信公众号表示,已接获数百名滞留华人登记,当中不乏这些与血清抗体数值周旋的案例。救援团婉拒了BBC中文的采访邀请。

“印尼新冠救援团”在一封公开信中指出:“很多人打了疫苗之后这个抗体肯定是升高,这是导致很多人没有资格买机票的重要因素……更麻烦的是,航空公司自己还有要求,比这个绿码要求更高,所以有的人拿了绿码,还是没有办法登机。”

救援团微信公众号引述一位肖先生说:“我无条件配合国家防疫政策,但是这个血清检测的标准和要求是否真的是有合理性和必要性?好不容易产生的抗体要被弄到差不多没有才让人回去。希望能够合理处理这个血清检测的标准。”

救援团表示接到了好些因隔离而陷入精神崩溃的求助,“关键是很多人没有收入,身体还有疾病或者国内家人有严重疾病,比如车祸、癌症或其它意外濒临死亡等,诸如此类,造成很多人度日如年,精神崩溃”。

梁师傅就是遇上了打完疫苗,抗体居高不下的情况。他对BBC中文说,出国前劳务公司安排接种疫苗程序不符规定,一次过连打两针,结果现在要回国,接种纪录被视为无效,要在印尼重新接种,接连接种疫苗引发的健康风险也是工人自行承担。

中国驻印尼大使馆自2022年1月1日起进一步修订申领“绿码”规定,其中明确航空公司登机前七天隔离可算入使馆要求的21天隔离之中,以及无既往感染史,且已按程序全程接种中国国药、科兴等新冠肺炎灭活疫苗14天以上者,不再要求接受IgM、IgG抗体检测。

这些措施能否缓解预备回国工人因“检测轮回”而滞留的情况,有待观察。

文中受访工人名字均为化名,以保障其安全。

采访协力:BBC印尼语

News & Blogs

2022-01-10 23:59 | Report Abuse

中国务工人员在印尼遇上的这些情况并非个例。2021年10月,湖南郴州某法院宣判一起偷越国境案,案情指被告人通过微信联系到七人,以介绍高薪工作为由前往缅甸务工;2021年7月,中国驻吉尔吉斯大使馆透露接获当地中国务工人员求助,称被雇主以口头承诺高薪骗至吉开采煤矿、金矿等,雇主拒不签署劳务合同,亦不兑现高薪承诺。

一些本来就是假务工,真诈骗的案件也屡见不鲜。《中国青年报》2020年10月报道一起江苏苏州的本地务工诈骗案时称:“近年来,特别是今年受疫情影响,劳动者面临待岗、失业、收入减少等困境,迫切需要重新找工作,这给了一些骗子以可乘之机。”

但也有人把这问题归咎到务工者本身。流行视频社交平台小红书上有“出国务工正规劳务公司”专题,其中一条视频的简介中说:“打工者在选择出境前被高薪诱骗,却从来未反思自我工薪能力,盲目轻信往往掉入骗子的陷阱。打工不一定非要出境,高薪也不是大风刮来的。”

重庆一家人力资源管理企业在其网站上宣传“警惕出国务工陷阱”的文章称:“想出国的朋友首先要认清自己的条件,确定自己的目标国家,针对目标国家,详细了解这个国家的风土人情和签证方法,千万不能被高薪诱惑,比如没有技术,没有语言,没有学历的客户,想出国一月挣个两三万的,这种人该醒醒了。”

新冠疫情多加一根稻草:总是通过不了的抗体检测
疫情之下,亦令不少身在印尼的中国工人的归家路难上加难,其中一个原因,是因为他们需要在登机前做抗体检测,一旦检测呈阳性,就会被迫滞留当地,但他们抗体检测呈阳性,是因为他们打了疫苗,而并非因为确诊。

四川工人小张(化名)原本在青山工业园工作,他近日委托公司代购机票返回中国,但因为血液检测新冠病毒抗体持续阳性,结果被隔离三个月,该处生活环境欠佳。

“我人在园区里的医院隔离区宿舍。工作的时候是六人间,现在的隔离的居住环境是十个集装箱改成的20间隔离房为一个院落。”

他的公司不愿意退还他的护照,并向他要价6万元,包括机票、住宿隔离费用等,他认为并不合理:“这次出来,钱没挣多少钱,反倒赔了不少钱。老婆孩子在家里都没有收入!全靠我!”

“这里最近有几个人失踪了,不知道是逃走了,还是工亡。所以暂时保证我自己的人身安全才是第一位!”

News & Blogs

2022-01-10 23:57 | Report Abuse

印尼苏拉威西岛上有多个工业园区,被中国媒体称为“一带一路”倡议的“重点项目”,因而吸引不少中国工人前往当地工作。

其中苏拉威西德龙工业园自2015年开始分三期发展,分别位处省会肯达里(Kendari)和莫罗瓦利县(Morowali)附近,牵头者是中国江苏德龙镍业公司。一些当地工人估计该工业园涉及约2万中国工人,牵涉40多家外协单位。

10月初,在同一地区工作的五名中国河南工人试图偷渡回国,在马来西亚被截获。到12月,当地再传出有工人出逃,未经独立核实的消息称已有几十人出逃。这些事件引发关注,但似乎未能改变工人的处境。

除了德龙外,“中国劳工观察”求助个案还包括另一个“青山工业园”,这是浙江温州青山控股集团与法国埃赫曼集团(Eramet Group)在苏拉威西投资的镍矿开采与不锈钢生产项目。青山控股集团并没有回应BBC中文要求评论的网页留言。

由于这些项目与“一带一路”连系在一切,李强担忧,因为政治敏感性,或导致中国国内地方政府,在维护海外务工人员权益方面会选择回避,其中担心工人得知真相后不敢出国,继而影响中国企业在外用工成本,波及建设进度。

他批评,印尼当局、中国使馆,以至于在印尼的一些国际人权组织,在中国劳工处境上都不作为。

马来西亚太平洋研究中心首席顾问胡逸山博士对BBC中文记者说:“COVID-19这样的瘟疫弄到许多国家关上国门,又导致许多地方停工,外劳无班可上,外包商也没得赚钱,对工人的管理条件就更差了。”

他认为,除了因“一带一路”走出去的中国企业采用中国工人时要考虑改善劳工待遇之外,“一带一路”沿线国家也应做到政策互通,减少在采用外来劳工方面的灰色地带,从而缓减剥削问题。

News & Blogs

2022-01-10 23:55 | Report Abuse

一带一路:中国工人印尼打工的惨痛遭遇,新冠疫情下的崎岖回家路
“救命呐,救我一下,我在这里上班的工资他们也不给我啊,现在生活费也不发了。”来自中国湖南的罗向前(化名)躺在工地用集装箱改建的宿舍里那张铁架床上,给他联系过的志工组织和记者在发信息。

59岁的罗向前经由中国江苏省一家名为“然越劳务派遣公司”,被雇到一家名为“安徽鹏德”的外协公司(工程分包商),2021年4月被派到印尼的一家中国冶炼企业工地德龙工业园工作。

他称自己薪水被克扣,讨薪时遭这家劳务派遣公司人员殴打,公司管理层也以疫情为由,拒绝让他继续求医,向中国大使馆发出的求救信息也石沉大海。

他的经历是众多身在印尼的中国劳工的写照。这几家中国冶炼企业工地近期接连传出中国务工工人被克扣工资、扣留护照、殴打,甚至是瞒报因工死亡、自杀等事件。

讨薪者
罗向前说,按照合同,他本来能赚取日薪430元至450元,加班另算。不过,罗向前到步不久便发现,管工常巧立名目,克扣薪水。

他从4月30日至9月11日,应被计算工作119天,但最终公司只算他工作88天,发薪时再发现,所得工资比合同低,计算过后实质所得为每个工作天仅51元人民币,与合同的400多元相距甚远。

有一天,他因意外脚被砸伤,不但没有工伤补偿,反而被扣去半天薪水。

“他就是你多做事了,他也刁难你,也有扣你的工。”

9月的一天,罗向前决定要跟领班理论扣薪问题,结果三名安徽外协公司的领班,把他拉进一个房间里殴打,“他们三个就把我关在他们住的那个地方打我的头,跟打皮球一样那么打,把我打昏过去。”

等他清醒过来,他跑到德龙项目部投诉,再联系上了鹏德方面,总算把他送到医院去了。他向BBC中文提供的医院放射科诊断书上写着“头骨有裂痕”。

住院两天后,罗向前称,管工找人持刀指吓他,把他带回工地。隔几天之后他希望回医院复诊,但工地以新冠疫情需要实行封闭式管理为由,不许他外出看病,更指责他闹事。

据中新社报道,德龙园区在去年3月初开始便落实封闭式管理防疫措施。他那次弄伤头入院,属于“破例”。

罗向前自此持续头疼,只能卧床休息,未能上班,工地会让他到食堂取餐,但他再没有任何收入,他还指控,当天殴打他的领班抢走他身上所剩无己的600万印尼盾(420美元;2680元人民币),身无分文。

罗向前以日军侵华类比当下处境:“日本人抓到我们中国人他饭还给吃,有军医给你看一下。把你打伤了他还要给你治一下。他们那个打伤,他连治都不给你治……自己出钱去治都不行。”

他曾致电中国大使馆求助但音讯全无,向工地方面提出提早返回中国,但对方声称,他必须待满一年才可回国,并且要缴付6万元人民币(9390美元)费用,但并没有说明这笔钱的用途,也不是合约所列明的条件。

他不能轻易离开的另一原因,是因为他的护照早已被公司扣起,他也说不清自己是否持有正式工作签证,只知道需要每三个月由公司安排移民局人员到工地续签,加上对印尼执法部门的不信任,他难以自行在当地维权。

罗向前最终透过国内亲属向江苏省淮安市有关单位上访,安排上2022年1月底的机票回国,当局同时承诺责成然越劳务结清工资,但能否全部兑现仍有未知之数。
BBC中文透过电话联系到江苏德龙镍业公司人事部工作人员,他称“并没有义务回答”有关问题;BBC中文亦试图联络江苏然越劳务公司的负责人,该名接电话的人最初表示要向公司法人查询是否知情,但隔天记者多次致电时,该手机号无法接通。

承包商安徽鹏德人事部经理刘丽接受BBC中文记者电话采访时,被问到工人权益问题时说:“目前我们没有您讲的这种情况。”

但她承认,不能够确定这些工人的签证是否工作签证,但强调这是由印尼驻华大使馆向工人签发。

印尼人力部则强调其政府有既定政策,让雇主报告包括契约期限在内的用人情况信息,雇主也有责任把约满移民工送回原国。印尼移民总局并未回应BBC中文记者的书面提问。

中国驻印尼大使馆没有答覆BBC中文的查询电邮。

总部设在美国纽约的民间组织“中国劳工观察”称,自2020年6月起,接触到超过100名来自印尼苏拉威西中国务工人员的求助,工人常出现护照被没收、克扣工资、超时工作、没有节假日等问题,权益遭到剥削具备一定普遍性。

组织创始人暨执行主任李强接受BBC中文访问时说:“工人来之前,也就是说在中国国内的时候,就把这个职位描述得非常好,然后等工人一到印尼,就发现这个工作情况跟它们不一样……那工人当然就不能走,因为他护照被工厂跟企业给收走了。”

“它最重要的问题还是扣押护照。核心在这点。中间是带有欺骗性和强迫的。”

李强续说,因为不少工人在印尼是非法工作在先,出国前也不一定签有有效合同,要是在印尼当地报警维权,反而自己会被抓捕。工人哪怕能顺利回国,也难以透过诉讼维权。

https://www.bbc.com/zhongwen/simp/world-59412754

News & Blogs

2022-01-10 16:34 | Report Abuse

China: Increasing poor population cause Inadequate domestic spending power & Government debt crisis
On June 28, at a press conference held by the Communist Party's 100th anniversary event, the CCP's Finance and Economics Committee announced that at the beginning of the Communist Party's rule, the national income per capita was only dozens of dollars, while currently China's national income per capita has exceeded US$10,000.
The news quickly hit China's social media Weibo, with nearly 10,000 comments under the official Weibo account of the state news agency. 99.9% of which were from netizens who questioned and ridiculed the figure.
Some netizens asked, "Is this dividing Jack Ma's daily income by 1.4 billion people? " Another netizen wrote that it must be a printing error. The RMB must have been misprinted as USD.
https://www.youtube.com/watch?v=7MMlaq0ZL7E

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2022-01-10 16:29 | Report Abuse

天津开始封城,市民疯狂购物。中国现在的封城防控就是1958年的“大炼钢铁”。2022.01.09NO1085
https://www.youtube.com/watch?v=Vp5XH67ek7E

News & Blogs

2022-01-10 16:26 | Report Abuse

Some chip prices rose 5 times compared to 2020 in China/A lot of unqualified and fake chips appear
Due to the U.S. technology blockade and the global pandemic, chip shortages are intensifying in China, affecting production in several industries, from cars and cell phones to home appliances.

According to a business website in mainland China, the head of an electronics company said: “Now, chips aren't available even with additional money. Speculation in the chip market is widespread, and the price of some products has increased five times compared with the end of 2020.”

https://www.youtube.com/watch?v=baIodPYBbNQ

News & Blogs

2022-01-10 16:24 | Report Abuse

中國消毒法,完全不避開人,把人當病毒一起消毒。| #香港大紀元新唐人聯合新聞頻道
https://www.youtube.com/watch?v=U4wkwJl2ABQ

News & Blogs

2022-01-10 16:19 | Report Abuse

Crime and Punishment in China
SerpentZA and laowhy86 have lived in China and had to experience, first hand, law enforcement in both China, and the west.
Crimes are punished differently in China, and we give you tips on what to look out for, as well as the ways things are dealt with in China.

Living in China for so long, we would like to share some of the comparisons that we have found between China and the west, and shed some light on the situation.
https://www.youtube.com/watch?v=64X6My18LA8

News & Blogs

2022-01-10 16:16 | Report Abuse

【TOP2021】中國慘遭洗臉?遼寧號被美軍艦夾擊!解放軍藍水海軍夢碎?【關鍵時刻】-劉寶傑 黃世聰 吳子嘉 林廷輝 李正皓 古台清 陳耀寬 王瑞德 陳東豪 林信富 傅鶴齡

https://www.youtube.com/watch?v=ygRDWJLzt1M

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2022-01-10 16:15 | Report Abuse

财经冷眼:天津封城,北京自救!5省市出现奥密克戎!6大超级城市正在步西安后尘,这些准备该做了!奥密克戎和德尔塔合体,更凶猛的新变种诞生!(20220110第708期)
https://www.youtube.com/watch?v=bysPRsrAkgA

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2022-01-10 16:13 | Report Abuse

以點看面,北京一家便利店與送貨小哥的對話就能看出整個地區的生意有多蕭條,批發部送貨的都閒下來了。

https://www.youtube.com/watch?v=aVIPRWoMPyg

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2022-01-10 14:17 | Report Abuse

What this means internationally is harder to predict. The way the economy rebalances will be critical, but Beijing will face difficult choices between competing priorities and have fewer policy options to play with. For investors and industries exposed to China, greater volatility seems inevitable, but the risks appear to be on the downside.

https://asia.nikkei.com/Opinion/China-s-economic-growth-model-is-close...

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2022-01-10 14:16 | Report Abuse

Andrew Hunt is CEO of Hunt Economics and former adviser to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.

The well-documented problems at some of China's largest property developers are merely symptoms of the deeper structural challenges the country now faces.

We previously highlighted in the article "Why Ray Dalio is wrong about China" published online on July 11 that China was highly incentivized to encourage foreign investment in order to delay hard domestic decisions.

These inbound capital flows are however unlikely to be sufficient, and they would leave China vulnerable to foreign monetary policy. Since China will likely prioritize domestic order and control over a shorter lived but painful structural adjustment, a Great Pause in their economic growth seems probable.

How long this 'great pause' will take is hard to say. Yet despite the clear signs, investors are still to fully price the implications of this hiatus and what it means for industrial commodities or regional demand for goods.

Given many developing countries' high dependence on the Chinese economy, the next few years could be particularly difficult and make their recovery from COVID even harder.

The roots of these problems run deep. China's economic model has traditionally relied on the intensive use of credit in order to finance the country's impressive growth. As a result, the rate of increase in China's debts has been fast, outgrowing the economy itself: a dynamic that is ultimately not sustainable.

Though some of this credit was used to fund the creation of industrial capacity, much of it was used to fund a rapid and massive expansion of housing stock.

China's property and construction sectors have therefore become extremely large by comparison with the overall economy. Our research suggests that these sectors have been more than twice as important to the overall economy as their equivalent sectors were in Japan during that country's property bubble, or even the U.S. in 2005-2006.

We also estimate that property wealth is at least as important to China's savers' wealth as financial assets are to U.S savers at present. A decline in the fortunes of the property market will therefore depress domestic growth for a considerable time.

China's property-driven growth has run into several constraints of late, including affordability, market saturation and access to funding. Its banking system has also reached an unprecedented size, not just in relation to the size of China's own economy but increasingly in relation to the entire global economy.

Real estate-related lending and property-based collateral have come to dominate the system. China's banks themselves are deeply exposed to the sector, to the exclusion of other sectors, and will struggle to maintain their balance sheets if problems in the sector increase.

These problems imply two sets of consequences. First, China will not be able to liberalize its savings markets anytime soon to the disappointment of many Western financial institutions. Second, credit growth in the future will likely be much more carefully controlled.

Every day, then, credit to China's private sector is becoming more constrained and this, of course, means that lending has to be rationed among competing uses.

Perhaps not surprisingly, the authorities in Beijing have decreed that the property and construction sectors, together with a number of other sectors that have been deemed unproductive or not aligned with the government's vision for "common prosperity" will be largely excluded from the credit markets. These important sectors now face years of enforced austerity.

The authorities are, of course, still underwriting the flow of credit to its favored sectors as they seek to increase productivity and support activities that add more value to the economy. They will also want to ensure that the export sector can contribute at least some growth to the economy.

However, as we look forward into a post-pandemic world with clear environmental priorities, there has to be a question over whether world trade growth will, in fact, be strong enough to support China's export drive, and whether the West will want to receive higher value-added goods from China.

Geopolitical tensions may not only be reflected in trade quotas but also in the types of goods that countries are willing to import from their rivals. It is uncertain that even a well-supported export drive by Beijing will be successful.
So it seems clear to us that China's rate of economic growth will remain subdued for a considerable time. The country took what amounted to a five-year timeout in the late 1990s following the excesses of 1992 and 1993. We feel that a similar but perhaps longer Great Pause in China's growth trajectory is likely this decade.

News & Blogs

2022-01-10 14:16 | Report Abuse

China's economic growth model is close to its limits

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2022-01-10 14:07 | Report Abuse

【精選】中國債務高達53兆人民幣 外資大逃亡「苦日子」來了...? 【關鍵時刻】-劉寶傑 姚惠珍 黃世聰 吳子嘉 李正皓
https://www.youtube.com/watch?v=ZO_k-jxKnds

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2022-01-10 14:06 | Report Abuse

【#中國禁聞】天津爆奧密克戎疫情,感染者多爲學生;西安防疫漏洞,不為人知傳播鏈曝光;庭審違法,佳木斯法官成被告;瑞士交出銀行客戶資料,中共權貴失「藏錢天堂」;
天津爆奧密克戎疫情 感染者多爲學生
西安防疫漏洞 不為人知傳播鏈曝光
庭審違法 佳木斯法官成被告
瑞士交出銀行客戶資料 中共權貴失「藏錢天堂」
福州殘疾人遭警毒打 每天到公安局舉牌抗議
河南疫情波及多省 許昌稱「圈住封死」
https://www.youtube.com/watch?v=ahpNL9njaDg

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2022-01-10 14:03 | Report Abuse

冬奧就來了 奧密克戎迅猛逼到門前 北京開始發抖;關島展現「海龍」 六國反潛軍演;奧會主席又為中共辯護?德媒看不過眼【希望之聲TV-每日頭條-2022/01/09】

https://www.youtube.com/watch?v=Nkf-1VIH8Fk

News & Blogs

2022-01-10 11:48 | Report Abuse

Can-One Stock Analysis: Can or Cannot?
In this video, we discuss Can-One's business model, management, financials as well as the good and the bad.
*DISCLAIMER*

The information in this video is accurate as of the posting date. These are just the opinions of the FIRL Guys and do not in any way represent investment advice or stock recommendations, the content in this video is purely educational.

Information in the video might not be applicable to all investors as it does not take into account the financial circumstances, investment goals, and risk tolerance of any specific investors. Risk is inherent to all investing, including the permanent loss of capital. Past performance does not equal future results. We are not licensed by Malaysia's Securities Commission as financial/investment advisors. Please speak to a licensed financial advisor before making any financial decisions.

Individual(s) in the video DO NOT own shares in the aforementioned companies at the point of the video posting.

https://www.youtube.com/watch?v=gpXxoB-f1ik

News & Blogs

2022-01-10 11:46 | Report Abuse

2022年这些不起眼的行业即将迎来赚钱的巨大商机! 全球经济恐面临最大挑战,权威杂志《经济学人》预测的未来8大商业巨变分析,跟你的钱包有巨大的关系。看看这8个全新的商业趋势,一定能帮你看清未来,把握住轻松赚钱的好方法。

https://www.youtube.com/watch?v=bdA4yuDEOXM

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2022-01-10 10:26 | Report Abuse

天津奧密克戎疫情軟封城,民眾搶菜囤糧;為參賽澳網,德約科維奇向澳洲政府提出法律挑戰;韋伯太空望遠鏡鏡面,全部成功展開;神韻七個城市同時上演,再掀全球熱潮
天津奧密克戎疫情軟封城 民眾搶菜囤糧
為參賽澳網 德約科維奇向澳洲政府提出法律挑戰
韋伯太空望遠鏡鏡面全部成功展開
神韻七個城市同時上演 再掀全球熱潮

https://www.youtube.com/watch?v=NkBzgQTk47I

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2022-01-10 10:25 | Report Abuse

惊!青海地震是人造?西安苦难没尽头。天津封城,北京发抖。李鸿忠紧张!丢脸丢到了月球
https://www.youtube.com/watch?v=lP-o5HLCwXI

News & Blogs

2022-01-10 10:24 | Report Abuse

华人回国入境上海遭遇最狠规定:一检测出阳性就要你狗命!高华狗喊冤被土狗围攻。又黄标喽(坐澳观天第571期 20220109)
https://www.youtube.com/watch?v=f_gHQXnaZLw&t=19s

News & Blogs

2022-01-10 10:22 | Report Abuse

外地人休想逃离郑州,根本逃不出去,出去了也会被劝返,行程码带了星标,没有城市会接
https://www.youtube.com/watch?v=JIjkBQhJ8gU&t=21s

News & Blogs

2022-01-09 19:32 | Report Abuse

They are now under self hypnotised mode.

News & Blogs

2022-01-09 19:30 | Report Abuse

Yes, I heard that quite a number of Mamak restaurant closed down due to lockdown

News & Blogs

2022-01-09 17:19 | Report Abuse

习近平“大变局”:2022税法新规出台,资本将鸟兽散,四十年改革开放毁于一旦,中国发展方向彻底改变【江峰漫談20220103第421期】

https://www.youtube.com/watch?v=FRY21um0tbI

News & Blogs

2022-01-09 16:54 | Report Abuse

見底了!中國養老基金7成省分入不敷出;中企最新500強頭名爆笑引嘩然;前20大洗牌多行業狼藉;壓力山大,陸高校畢業生突破千萬年增167萬;陸一天內多家地產公司暴雷;印
https://www.youtube.com/watch?v=EO0Ia_kBe6g

News & Blogs

2022-01-09 16:49 | Report Abuse

元宇宙是2022年最大的机会?不!就是一场彻头彻尾的骗局?!全球巨头纷纷入场布局的背后,其实是个在默默等你下套的骗局。数不清的人借着元宇宙这个概念做了大量的局,就等你下套。所以千万擦亮你的双眼,了解清楚这个被炒得火爆的概念究竟是个什么东西。
https://www.youtube.com/watch?v=fpkfJq1t5nU

News & Blogs

2022-01-09 15:48 | Report Abuse

Lithuania and US collaborate to counter Chinese economic pressure
On January 5th, US Trade Representative Dai Qi met with Lithuania's foreign minister, indicating that Lithuania might get US backing in the diplomatic conflict with China and its economic coercion on the country.
https://www.youtube.com/watch?v=qQW_kCyLxnI

News & Blogs

2022-01-09 15:31 | Report Abuse

Are NEW Chinese buildings really FALLING DOWN?
Ghost Cities in China. Real estate bubbles. We've toured Chinese ghost towns in the past, but this time we visit a high end neighborhood of villas that were only built 3 years ago, and were shocked to see the state that they were in. We were surrounded by new buildings, that were completely empty. This is the state of real estate in China.
https://www.youtube.com/watch?v=XopSDJq6w8E

News & Blogs

2022-01-09 15:25 | Report Abuse

By the way do you know the difference between 新闻广播员 vs 作者 ???



>>>>>>>
Posted by Investor 999 > Jan 9, 2022 3:16 PM | Report Abuse

作者在玩自嗨與自慰!

News & Blogs

2022-01-09 15:20 | Report Abuse

Ha...ha...ha... how about you...

自我催眠,
自我欺骗,
自我梦想,
自我错觉.
??????