China Watch Thread

Post Reply
User avatar
Yuli Ban
Posts: 4631
Joined: Sun May 16, 2021 4:44 pm

Re: China Watch Thread

Post by Yuli Ban »

China overtakes US as the richest country in the world
Global wealth tripled over the last two decades, with China leading the way and overtaking the US for the top spot worldwide, Bloomberg reported.
A report by McKinsey & Co. that examines the national balance sheets of ten countries representing more than 60 per cent of the world's income.
China accounted for almost one-third of gains in global net worth over the past two decades, the report said.
"We are now wealthier than we have ever been," Jan Mischke, a partner at the McKinsey Global Institute in Zurich, said in an interview.
Net worth worldwide rose to $514 trillion in 2020, from $156 trillion in 2000, according to the study.
China accounted for almost one-third of the increase.
And remember my friend, future events such as these will affect you in the future
User avatar
caltrek
Posts: 6509
Joined: Mon May 17, 2021 1:17 pm

Re: China Watch Thread

Post by caltrek »

^^^Speaking of S curves, I think this is probably a classic example. As a leading capitalist economy, the U.S. has been at it for quite some time. So, it has reached the top of its S curve and is in a region where that curve has flattened out in terms of continued growth. In contrast, China has relatively recently "thrown off the shackles of Western imperialism" and is now on the steep part of its growth curve.

Note that the article cast things in terms of "total wealth" and NOT per capita income. The U.S. clearly is ahead of China there, although I don't think it is any longer in first place on the world stage. Too many relatively wealthy but also relatively small European countries to keep up with in that regard. Not to mention Singapore, etc.
Don't mourn, organize.

-Joe Hill
User avatar
Yuli Ban
Posts: 4631
Joined: Sun May 16, 2021 4:44 pm

Re: China Watch Thread

Post by Yuli Ban »

Public libraries in Hong Kong have been quietly removing books from the shelves deemed politically "sensitive" under a national security law imposed on the city by the ruling Chinese Communist Party (CCP).

More than 100 titles -- many of them referencing the 1989 Tiananmen massacre -- are believed to have disappeared from Hong Kong's network of public libraries since the law took effect on July 1, 2020.

While the city's leisure and cultural services department has made a list of more than 70 books deemed to be in breach of the law, which criminalizes public criticism of the Hong Kong and Chinese authorities, regular readers have spotted many more, according to local media reports.

Stand News, the Ming Pao newspaper and the English-language Hong Kong Free Press (HKFP) have listed books by jailed 2014 protest leader Joshua Wong, as well as dozens of books about the 1989 student-led protests in Tiananmen Square, and the June 4 massacre by the People's Liberation Army that ended them.

While some books about the 1989 pro-democracy movement remain on library shelves, the number of copies has been slashed, forcing readers to order them via an inter-library loan scheme, the HKFP reported on Nov. 21.
And remember my friend, future events such as these will affect you in the future
User avatar
Yuli Ban
Posts: 4631
Joined: Sun May 16, 2021 4:44 pm

Re: China Watch Thread

Post by Yuli Ban »

A 20-minute video featuring more than a dozen detention facilities in China's Xinjiang Uyghur Autonomous Region has offered fresh evidence and renewed the discussion around China's large-scale crackdown on ethnic minorities in the region.

The video was filmed by a Chinese man named Guanguan, who went to Xinjiang after reading a series of articles from US news outlet BuzzFeed News, indicating the locations of several detention centers in the region.

His video, which was originally posted to YouTube in October, has attracted the attention of researchers and academics who have been focusing on China's large-scale crackdown on ethnic minorities in Xinjiang. Alison Killing, an architect who worked with BuzzFeed News to create a map of satellite images of the camps, said the new information from the video confirms what they believe to be happening in Xinjiang.

"When you are working with satellite images, you are always relying on other sources of information to corroborate what you are looking at," she told DW. "It can be on-the-ground videos, which is what we see here."
And remember my friend, future events such as these will affect you in the future
User avatar
Yuli Ban
Posts: 4631
Joined: Sun May 16, 2021 4:44 pm

Re: China Watch Thread

Post by Yuli Ban »

And remember my friend, future events such as these will affect you in the future
User avatar
Yuli Ban
Posts: 4631
Joined: Sun May 16, 2021 4:44 pm

Re: China Watch Thread

Post by Yuli Ban »

And remember my friend, future events such as these will affect you in the future
User avatar
Yuli Ban
Posts: 4631
Joined: Sun May 16, 2021 4:44 pm

Re: China Watch Thread

Post by Yuli Ban »

And remember my friend, future events such as these will affect you in the future
User avatar
BaobabScion
Posts: 102
Joined: Tue Jun 08, 2021 11:41 pm

Re: China Watch Thread

Post by BaobabScion »

How can they say that he's gone missing when the tweet that they're quote-tweeting tells you exactly what happened?

My god, the shamelessness of so many in the western media.
weatheriscool
Posts: 12962
Joined: Sun May 16, 2021 6:16 pm

Re: China Watch Thread

Post by weatheriscool »

China Nears a Reckoning as Property Firms Face Tough Deadlines
Source: New York Times
Evergrande and Kaisa must come up with hundreds of millions of dollars in days. Beijing sought to reassure markets overall, but signaled it might let Evergrande fail.

China’s debt-loaded property market is headed for a reckoning, as China Evergrande Group and another troubled housing developer face deadlines for millions of dollars’ worth of payments in a test of Beijing’s narrative that it can handle the threat to the Chinese economy.

Evergrande, with bills totaling $300 billion or more, will need to come up with more than $82 million in cash by the end of Monday in the United States to fend off creditors. The developer said late last week that it was unable to make a separate payment worth $260 million, an indication investors took to mean the beginning of its eventual demise. Its shares tumbled by 20 percent on Monday in Asia.

The other developer in distress, Kaisa Group, must pay bondholders $400 million on Tuesday after it said it failed last week to get approval from investors to renegotiate the terms.

China’s property sector has kept global markets on edge for months, as developers have struggled to find cash to pay their soaring debts. They have been hampered by slowing demand from home buyers, falling property prices in many Chinese cities and Beijing’s crackdown on excessive bank lending.
Read more: https://www.nytimes.com/2021/12/06/busi ... perty.html
User avatar
Yuli Ban
Posts: 4631
Joined: Sun May 16, 2021 4:44 pm

Re: China Watch Thread

Post by Yuli Ban »

The Uyghur Tribunal cited birth control and sterilisation measures allegedly carried out by the state against the Uyghurs as the primary reason for reaching its conclusion on Thursday.

Sir Geoffrey Nice, a prominent British barrister who chaired the tribunal hearings, said its panel was satisfied China had carried out "a deliberate, systematic and concerted policy" to bring about "long-term reduction of Uyghur and other ethnic minority populations". He added that the panel believed senior officials including the Chinese president Xi Jinping bore "primary responsibility" for the abuses against Muslim minorities in the Xinjiang region.

The tribunal's panel was made up of lawyers and academics. Its findings have no legal force and are not binding on ministers, but its organisers said at the outset they intended to add to the body of evidence around the allegations against China and reach an independent conclusion on the question of genocide.
And remember my friend, future events such as these will affect you in the future
Post Reply