Observateur de la Chine

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Observateur de la Chine

Observateur de la Chine

YouTube Video VVVUMmtQQmNENnRYbjhUUF9hVjdCbWdBLkgySnZpdFB2WmJZ Data from Redmeal shows that as of May 10, 2023, there were about 201,570 catering establishments in operation in Shanghai, with high-end restaurants with an average spending of 500 yuan or more accounting for 1.35%, and those with an average spending of over 1,000 yuan accounting for 0.31%. At that time, there were more than 2,700 high-end restaurants with an average spending of 500 yuan or more in Shanghai. Insiders in the industry revealed that the existing physical stores are still closing down in large numbers. One set of statistics shows that the closure rate of physical stores in China is as high as 93%. #chinaobserver All rights reserved.
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93% des magasins fermés ? L’économie chinoise est finie ! Les meilleurs quartiers de Pékin et Shanghai sont désertés
Observateur de la Chine il y a minutes 93
Data from Redmeal shows that as of May 10, 2023, there were about 201,570 catering establishments in operation in Shanghai, with high-end restaurants with an average spending of 500 yuan or more accounting for 1.35%, and those with an average spending of over 1,000 yuan accounting for 0.31%. At that time, there were more than 2,700 high-end restaurants with an average spending of 500 yuan or more in Shanghai. Insiders in the industry revealed that the existing physical stores are still closing down in large numbers. One set of statistics shows that the closure rate of physical stores in China is as high as 93%. #chinaobserver All rights reserved.
93% des magasins fermés ? L’économie chinoise est finie ! Les meilleurs quartiers de Pékin et Shanghai sont désertés
YouTube Video VVVUMmtQQmNENnRYbjhUUF9hVjdCbWdBLkgySnZpdFB2WmJZ
On April 25th, a video surfaced on X, claiming to be a teacher from Shaanxi province addressing Xi Jinping. He expressed his inability to afford an apartment over the years and hoped to borrow money from Xi Jinping. The language in the video is full of mockery towards the government. He even specifically wrote an article hoping Xi Jinping would take a look. And he aspired to become China's famous ancient admonisher Wei Zheng in the Tang dynasty. But this video was quickly suppressed. People left comments praising his courage, believing that this video is basically a voluntary surrender, with a determination for 'speaking truth to power'! Some people think this man is too foolish, saying how could General Secretary Xi possibly see this video. #chinaobserver All rights reserved.
China’s Government, Desperate for Cash, Uses Countless Tricks: No Escape for Rich, Middle, or Poor
YouTube Video VVVUMmtQQmNENnRYbjhUUF9hVjdCbWdBLnh4aHNWZkdmUk9V
Once Russia's use of chemical weapons is confirmed by the international community, China will be hard-pressed to avoid blame and will inevitably incur more severe sanctions. By then, it’s possible that Chinese banks will be banned from using the international SWIFT banking system. Senior officials at the White House revealed that the Biden administration is considering cutting off some Chinese banks' access to the system. If this happens, the impact would be unimaginable. Since its establishment in 1973, this institution based in Belgium has played the role of behind-the-scenes manipulator of global financial transactions. Today, more than 11,000 financial institutions in over 200 countries and regions are connected to the SWIFT network, processing up to 40 million transactions per day. As the world's second-largest economy and a major trading nation, more than half of China's foreign payments and settlements rely on the SWIFT system. It can be said that China's economic lifeline is closely linked to this Western-dominated financial infrastructure, and the consequences of a sudden separation would be disastrous. #chinaobserver All rights reserved.
La Chine exclue de SWIFT ? Cela pourrait être le plus grand revers financier du PCC, laissant Xi inquiet
YouTube Video VVVUMmtQQmNENnRYbjhUUF9hVjdCbWdBLnFSZGNYRU5jR0kw
As of the end of October 2023, the total loans on the books of national financial institutions stood at 235 trillion yuan, with bonds purchased totaling 64 trillion yuan, amounting to 300 trillion yuan combined. Officially, the recognized bad debt rate is 1.8%. However, considering that a large portion of local government bonds cannot be repaid—estimating a 50% bad debt rate for these and a 10% rate for corporate loans—the financial sector's bad debts amount to 56 trillion yuan. #chinaobserver All rights reserved.
$8 Trillion Bad Debts Topple China’s Big Four Banks, Banking Collapse Looming?
YouTube Video VVVUMmtQQmNENnRYbjhUUF9hVjdCbWdBLkYyb2pJZGcyZlhz
In recent days, a travel influencer on the Chinese social media platform "Xiaohongshu" took their friend to Hanjiang Ancient Town for a photo op. From the video footage, even on a Saturday, the streets were noticeably empty. Hanjiang Shiquan Ancient Town, situated in the heart of Shiquan County, Shaanxi Province, lies along the banks of Hanjiang Yanshui Lake and Lotus Lake, marking it as a significant birthplace of Chinese civilization. But this ancient cultural town was not always so deserted. In the video, we witness a stark contrast; once bustling with visitors, the streets now remain quiet, lacking the usual lively atmosphere. #chinaobserver All rights reserved.
Les Chinois privilégient les mauvais voyages : une ancienne ville d'un milliard de dollars, autrefois peuplée de milliers de personnes, est désormais abandonnée
YouTube Video VVVUMmtQQmNENnRYbjhUUF9hVjdCbWdBLl8wUnhQdGY4VlVJ
La classe moyenne chinoise est la plus réactive aux changements de la société et sert de baromètre pour évaluer l’économie chinoise actuelle. En 2024, la classe moyenne chinoise a été confrontée à une grave crise de retour à la pauvreté, confirmant que les politiques macroéconomiques du PCC sont entrées dans un ralentissement irréversible. #chinaobserverTous droits réservés.
La classe moyenne chinoise s'effondre en pleurant ! Actifs réduits à zéro du jour au lendemain, retour à la pauvreté
Vidéo YouTube VVVUMmtQQmNENnRYbjhUUF9hVjdCbWdBLlRyaU5zbW1VU3Nj
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