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China can not digest China's over-production, the CCP system is the root of the problem
The CCP has been buying gold for 17 months in a row, not decoupling, the people's gold is hot, the reason is sad
Philippine citizens are angry at Xi's statue, shouting, the CCP is leaving, Beijing is on fire
U.S. FBI Director, the CCP is a decisive threat to our generation
Hello everyone, welcome to the International News Eye, I am Meiling
Elon Musk's visit to China specifically raised the issue of over-production
China's mass-produced goods can not be digested by the world
The problem is the CCP system of brainwashing projects and engineering
U.S. Secretary of State Elon Musk's visit to China in the past few days
met with Vice President of the CCP, He Lifeng, and President of the CCP, Li Qiang
all expressed their concerns about the CCP's over-production
In a word, the Chinese industrial policy we see is aimed at increasing investment in some new industries
including electric vehicles, lithium-ion batteries, and solar energy
while other countries in the world can not absorb such huge production
He also cited the large-scale support of the CCP government more than ten years ago
which led to the low-cost Chinese steel rushing into the global market
and destroying the industry of the world and the United States
President Biden and I will no longer accept such a reality
From the development of the economy to the new market
our allies and partners have the same serious concerns
The soldier in the Central Plains pointed out in the Daji Yuan
that at present, China and the United States are moving towards a comprehensive confrontation
Xi Jinping has also proposed internal circulation,
self-renewal, and China's modernization, etc.
But the Chinese people's income is low and their consumption is seriously insufficient
These slogans are not used
Economic problems bring greater political hazards to the CCP
The CCP can only return to the old road of foreign consumption
and want to ease the economic crisis
So it used the opportunity of the EU to vigorously promote electric vehicles
blindly expanding the production scale of electric vehicles and batteries
The United States is also known for its new production capacity
But all countries in the world have realized
the risks of the CCP's low-cost Chinese steel rushing into the global market
And the Yellow Flowers are the economic bottlenecks that stop the CCP
Ye Xiao, a soldier, said in an article
that the CCP is over-productive
The root cause is that the CCP and its government
have become the instructors of economic activities and the leaders of resource configuration
And this instructive economy has also led to the confusion of the market
and the price signal system
And the CCP government's industrial policy has nothing to do with the market
It's all administrative orders
So when the CCP government replaces the market in resource configuration
there is a good project
And the Chinese Communist Party's state-owned enterprises are under the CCP's command
and have taken advantage of all tax, credit, government subsidies, and production routes
And even if they lose money, they don't have to take any responsibility
What is lost is the tax on state-owned assets and the Chinese people
In the 40 years of reform and opening up
the top officials of the Chinese Communist Party have long used GDP and fiscal tax
as a test and incentive indicator for local officials
Using the GDP as a hero's baton
has led to the good political effectiveness of China's industrial policies
And the investment economy is also favored by officials
Because of this, they can both corrupt and get good results
Even if there is excess production
as long as it is high investment and high tax
officials will try to reduce the entry barrier of the industry
and give these companies a lot of financial subsidies and various discounts
They don't care about market demand and profit
The most typical example is the steel industry
From 2006 to 2015
China's steel production accounted for one-third of the world's weight, up from one-third to one-second
But in 2015, China's steel production exceeded 10 times that of the United States
But this is a double-edged sword
In fact, it is harmful to people and to the economy
In 2015, China's large steel companies lost nearly 50.5%
And the problem of excessive production of Chinese steel
also caused low-priced sales damage to Europe, the United States and other countries
Hebei Tangshan is the capital of China's steel
But in 2015, the steel production reached 82.7 million tons
And this number is nearly seven times that of British steel
The aftermath is that low-priced steel from China
will cause 25% of British steel workers to lose their jobs
The Central Committee believes that the CCP is still selling low-priced goods to the US and European markets for dog meat
And the long-term problem of excessive production
happened under the CCP, which is said to be the first stage of socialism
It's really funny
Now China's export orders are shrinking
And China's consumption is already very limited
The epidemic has led to the death of a large number of Chinese
The problem of excessive production of Chinese companies is even more prominent
The CCP is in a hurry to use new energy products to copy the previous means of foreign marketing
But the United States and European countries are already alert to this
So this road to foreign marketing will probably be blocked soon
The CCP has been buying gold for 17 months in a row
Some analysts say this is a preparation for decoupling
And Chinese people also dislike the hype of buying gold and selling gold
Some opinions point out that this is because the people feel that they are not sure about the economy
It's better to buy some gold and put it at home
It shows the sad situation of the Chinese people
According to the Bloomberg News,
The latest data from the People's Bank of China shows
At the end of March this year, China's gold reserves were 7,274 trillion ounces
It increased by 160,000 ounces to 7,258 trillion ounces at the end of February this year
According to the data,
The gold accounted for 3.19% of the CCP's official reserves from October 2022
It rose to 4.64% in March 2024
And the CCP's central bank has been buying gold for 17 months in a row
There must be a reason and plan behind such a big profit
In November 2023, the Commander of the Economic Scholars said to the Free Asia Radio
The CCP may be preparing for decoupling
He said, the CCP seems to be decoupling from the US-dominated international capital market
It seems to be preparing for this possibility in the future
Because now the CCP government has gold reserves
It's the RMB that is not afraid of depreciation
In the future, no matter what you do with the US dollar, it doesn't matter if you don't use the US dollar
The CCP led a large number of purchases of gold
The Chinese people also started a craze to buy gold
Shenzhen Shuibei is one of the largest and most perfect gold jewelry industries in the country
Journalists from the daily Economic News of Lumen went to Shuibei for a live survey
Consumers said it was difficult to park in Shuibei
There were traffic jams in the afternoon
More and more people, just like in the vegetable wholesale market
Since April, China's gold prices have risen all the way
On April 8, China's AU9999 gold price broke the 550 yuan mark
The gold price of the gold jewelry is also nearly 730 yuan per gram
In this situation, some people are in a hurry to buy gold, and some people are in a hurry to sell gold
On April 8, the gold acquisition price of Shuibei also rose
According to the staff of the gold factory, many people took out a bag of gold today
Now the gold price is so high, it must be to sell things
Those who have gold at home have taken it out and put it away
But some people also have a look-at attitude
Hua Minglulu said that he had bought 2,100 grams of gold
The purchase of gold bars was originally a hard-to-obtain property
The gold price will only rise in the short term, not fall
It won't be wrong to hold it in your hand
And for the Chinese people's purchase of gold
Financial commentator Wang Jian said to the Free Asian Radio
Gold only has a preservation effect when it is inflated
China now has no inflation problem, and there is even a rate of inflation
Asset prices have fallen, so buying gold does not bring practical benefits
The people's relationship with gold and preservation is not big
More importantly, get psychological comfort
He pointed out that the reason why the gold price is so high is not preservation, but lack of confidence
Now put the money in the bank, the bank will freeze the account later
Or for all kinds of reasons, let the depositors not be able to withdraw the money
Some people should feel that they are not sure about the economy, and they have no bottom in their hearts
So buy some gold and put it at home, and be more at ease
The CCP's maritime harassment of the Philippines not only angered the Philippine government
It also angered the Filipino people
They expressed their dissatisfaction with the CCP in a more direct way
They went to the Chinese Consulate in China and openly painted Xi Jinping's comic portrait
and then tore it up
The CCP became angry in the face of the people's feelings
The CCP and the Philippines have continued to have maritime conflicts during this period
In a serious conflict on March 23 this year
The Chinese navy surrounded the Philippine naval vessel
In order to prevent the Philippine supply ship from providing supplies to the military ship
Madreshan, which is stranded on the coast
The Chinese navy actually fired multiple powerful water cannons at the supply ship
This not only angered the Philippine government, but also angered the Philippine people
Philippine President Joe Marcus said in a statement at the end of March
Facing the CCP's maritime supply ship, it has a violent and dangerous attack
He has approved a series of countermeasures and countermeasures
On April 8, the United States and the Philippines conducted joint exercises against the CCP
On April 11, Philippine President Joe Marcus
will also hold a three-party summit in the White House with US President Biden and Japanese Prime Minister Anton Winshon for the first time
Some analysts believe that this summit will deepen military relations between the three countries
The meaning of the CCP is very strong
The protests by the Philippine people also scared the CCP
According to Reuters, on April 9, a large number of Philippine people marched
and demonstrated in front of the Chinese Consulate in Manila
They shouted loudly, Chinese leave, etc.
Some people accused the CCP of blatantly invading the sovereignty of the Philippines in the South China Sea
And the climax of this event was that the CCP was frightened and afraid, and there was nothing to do
The protestors who were angry at the scene threw the colorful cartoon portraits of Xi Jinping on the ground
Everyone took pictures together to vent their anger
Finally, the colorful cartoon portrait of Xi Jinping was torn
During this process, the Philippine people also shouted that the CCP was rolling fast
It is estimated that the Chinese people in the consulate were also frightened
Some netizens said that the real foreign forces appeared, but Beijing was completely suppressed
One of the leaders of this protest, Paladino, said
He did not convey any clear message to the Chinese Communist government
That is, immediately withdraw from the West Philippine Sea
Following the trial of the South China Sea case in 2016 by the Changshe Court of Arbitration
And stop harassing Filipino fishermen
As well as the Philippine government's task of supplementing its warships docked on the coast
According to Fox News in the United States, on April 9, FBI Director Christopher Wray
In a speech to the U.S. Lawyers Association in Washington, DC
Reiterated the threat posed by the CCP to the U.S. network and entities
Christopher Wray said that the CCP is a decisive threat to our generation
He also warned that the CCP's network attack scale has exceeded the total of all other major countries
And even if all FBI network officials and intelligence analysts focus on the CCP's threat
The number of CCP hackers is still at least 50 times that of FBI personnel
Christopher Wray emphasized that it is not only the network
There are also traditional espionage activities and economic espionage activities
Foreign malicious influence, interference in elections and cross-state suppression
These often happen at the same time
They also recruit people to crack down on our economy
Use internal personnel and hackers to steal our inventions and information
He pointed out that simply put, the Chinese Communist Party CCP
Is doing its best to undermine the security and economy of the Western legal world
Wray also said that the FBI recently discovered
The Chinese Communist Party's hackers have entered the first traffic cow network in the United States
Fortunately, the authorities have issued an invasion warning to the hackers
Let them react
No one knows how much damage these hackers may cause
Not only money loss
There is also interference in the lives of the American people
Even the threat of life
Wray's warning is the same as his statement at the Munich Security Council in February this year
Over the past few months, this FBI director has repeatedly
In the statement and parliamentary testimony, he rang the alarm
Emphasizing the threat of the CCP from all sides
Wray also issued a similar warning in February
At the speech at the Munich Security Council with American allies
He warned leaders of all countries
They may find that the company is being harassed and attacked by CCP hackers
You may also find that PRC, the CCP's hackers
Hiding in your power station
Telecommunications companies and other infrastructure
They are ready to destroy these facilities at any time
Okay, that's all for today
Thank you for your attention, see you tomorrow
