East Asia Tonight: China admits economy facing ‘new problems’
Also on East Asia Tonight (Sep 26), China on alert after Japanese, New Zealand and Australian military ships sail through the Taiwan Strait; and, can Japan’s Economic Security Minister Sanae Takaichi become the country’s first female prime minister?
15 Comments
China has a faulty economic model, which can only be fixed by a regime change.
Taiwan 🇹🇼 can help.
Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
– Exports and imports, accounting for 37% GDP, are down.
– Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
– Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
– Consumer prices are experiencing deflation.
– Youth unemployment hits over 21%, a record.
– Its fast-shrinking workforce is 10 years older than neighboring countries.
Still, China keeps reporting outrageous GDP numbers. Lol
Where does the growth come from?
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China needs to introduce Confucianism into the government.
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I believe China would continue to sail through Japanese islands into west pacific for naval drills every month
Saudi Arabia welcomes first batch of Mandarin teachers from China.
The Saudi Education Ministry said the language will be taught in schools in Riyadh, Yanbu, the Eastern Province, Jeddah, Jazan, and Tabuk, following a 2023 government decision to incorporate it alongside Arabic and English.
Around 175 Chinese language teachers will begin teaching in Saudi primary and middle schools, marking the first wave of Mandarin teachers in the kingdom.
Chinas economy is probably better than Thailand, Japan, Philippines etc….but USA media are not focused on the others.
The western media are singing the destruction of the Chinese economy since 1998.
Hahahahha….
Well alright, I am here for my daily dose of Otelli. Dang, she speaks Mandarin? That's the hardest language to learn other than English and any other language I've ever tried to learn. Japan is WAAAAYY overdue for a female PM. They wonder why the economy is so stagnant. Too many protectionists. Those old heads need to move over.
Nice, soon negative….
at least china dares to admit… but USA? no… continues to lie about their collapsing economy…
😘😘😘
CNA, Tell us which country doesn't have economic problems !
Meh, like economies globally.