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《看中國》香港頻道
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Putin's visit to China in the North China Sea is a laughing stock.
The Chinese Communist Party has issued a long-term special national debt,
which has led to a shortage of people and heavy debt crisis.
The Chinese Communist Party has issued an ugly move to save the defense industry,
and the local government has taken the blame.
Hello everyone, welcome to the International News Eye. I'm Mei Ling.
After Putin took office as the new president, he immediately visited China.
But according to the outside world, the CCP's threat to the U.S. and Europe
is very limited to what Russia can do.
According to the Russian satellite news agency,
Putin arrived in China on May 16,
and conducted a national affairs interview on June 16 and 17.
On June 16, Putin and Xi Jinping's talks lasted two and a half hours.
It is reported that the two of them first had a small-scale meeting,
and then held a public meeting under the participation of the delegation.
What is interesting is that Putin's visit this time
is not only his first visit to China as the new president,
but also his second visit to China in six months.
It is also the fourth visit to China since Russia invaded Ukraine in 2022.
As soon as Putin took office, he came to visit Xi Jinping.
It shows that when Russia faces unprecedented sanctions from the West,
it will rely more on the CCP economically.
According to the BBC,
Xi Jinping and Putin discussed issues such as Ukraine,
energy and economic cooperation, etc.
On June 16, according to CCTV,
Xi Jinping first congratulated Putin on his re-election in the meeting,
and then said that China would always be a good neighbor,
good friend, good partner, etc.
According to the U.S. News,
Putin disclosed during the meeting that
more than 90% of the settlement in Russia is done with RUB and RMB.
He said,
adopting the current settlement is a timely joint decision
to expand the trade scale of the two countries into a strong force.
He also said that he and Xi Jinping discussed
what the next step would be to develop the relationship between the two countries,
and all this is based on the economic interests of the two countries.
After the meeting, the two people signed
the Joint Declaration of Partnership on the New Age of De-escalation
during the 75th anniversary of the founding of China and Russia.
Xi Jinping said,
I agree with President Putin that
China and Russia have always supported each other
on the issues of mutual core interests and major relations.
It seems that the two people have discussed a lot
about the issues of mutual core interests of the two countries,
and plan to continue to work together.
Putin also received an interview with Xinhua News Agency before he left on the 15th.
He said,
China-Russia partnership has reached an unprecedented high level,
and there is an unprecedented strategic partnership between the two countries.
Putin also said that
it seems that he has determined to pull the CCP hard.
On May 16,
the vice professor and head of the European Research Institute of Taiwan's Tamsui University,
Zheng Yimou,
told the Epoch Times that
this is a very important meeting between Xi Jinping and Putin.
The design of the CCP is mainly to
make Xi Jinping stand up to Putin,
who has been sued by the International Court of Justice.
The situation is that
there are very few big countries he can interview.
So after leaving office,
he chose Beijing as the first place to interview.
This shows that both Xi and Putin are standing up to themselves.
Zheng Yimou believes that
the focus of this meeting is
that the relationship between China and Russia,
which Putin emphasized to Xinhua News Agency,
has basically been determined.
He said,
the Russian-Ukrainian war has been going on for more than 800 days,
and it has become a long-term war.
Putin will rely on the CCP a lot in the future.
Putin, of course, hopes that the CCP can fully support Russia,
and even increase its military support for Russia.
But it seems that the firm friendship
and high-profile slogans
are not so unbearable on the surface.
Zheng Yimou said,
although China has made some adjustments
China and Russia also have their own strategic goals.
The so-called cooperation without limits
is actually aimed at the part of the international settlement.
It is also a cooperation without limits
against the common interests of the West.
Zheng Yimou said,
China and Russia also have their own strategic considerations.
Russia's development in Spain,
and many other cooperation projects,
have maintained a very cautious attitude.
And the CCP also avoids excessive dependence on Russia.
The CCP has always been
a drag on the construction
of the No. 2 oil pipeline plant in Spain.
Although it is sweet,
the CCP's actions against Russia
are always questionable.
Zheng Yimou said,
the CCP is facing a domestic economic downturn,
and is almost in a trade war with the US.
The US-China relationship is rapidly deteriorating.
The CCP urgently needs to break the relationship
with Europe,
especially to solve the problem of overproduction.
And the EU war
is just the most incomprehensible part
of the EU to the CCP.
Russia is becoming
a negative asset in the CCP's international strategy.
In this balance,
I am afraid that Xi Jinping can promise Putin
that it is still quite limited.
The above analysis has been verified at the exit.
On the afternoon of the 16th,
Putin and Xi Jinping attended
the opening ceremony of the Chinese Cultural Year,
and promoted the 75th anniversary of the founding of China.
Communist Commissar of the People's Republic of China said,
Putin did not get up
and smile
at the ceremony,
and did not even try to watch the performance.
Judging from the photos at the scene,
Putin's eyes did not seem to look at the stage
When everyone applauded for the actor,
Putin kept applauding,
and even smiled.
But it looked more like a bitter smile.
The Chinese economy is in a dilemma.
The CCP seems to have no solution,
so its eyes are fixed
on the long-term special national debt.
But the outside world is not optimistic about this,
thinking that this is a man-eating cattle,
and will add heavy debt to the crisis.
This year, the government work report
stated that from this year onward,
super long-term special national debt
The report said that this year
10,000 billion yuan will be issued first,
and pointed out that this is a special case
for national strategic implementation
and key areas of security and ability building.
On May 13, the Chinese Ministry of Finance
specifically announced the issuance of
super long-term special national debt
Of the 20-year-old national debt,
300 billion yuan was issued,
30-year-old special national debt
was issued for 6,000 billion yuan,
and 50-year-old special national debt
was issued for 1,000 billion yuan.
And on May 17,
the 30-year-old special national debt
was issued for a total of 400 billion yuan.
In the past few decades,
the CCP has repeatedly used
international pressure to stimulate the economy
and now China's economy is experiencing
a major downturn.
On May 11,
the CCP official announced
the financial data for April this year
showed that the social capital growth
was 1,987 billion yuan,
which was 1.4 trillion yuan less than the previous year.
And on April 8 this year,
the financial institution forecast
the social capital growth
was 1.12 trillion yuan,
which can be seen
to be more than 10,000 billion yuan
different from the actual amount.
And from the true amount,
the social capital growth
was estimated to reach
12.73 trillion yuan,
which was 3.04 trillion yuan
The problem is that the CCP has always
been used to falsifying data
to cover up the truth of the economic downturn.
The actual situation of the Chinese economy
may be worse.
In this case,
the CCP official began to issue special national debt.
Some netizens think
this measure will increase
the liquidity of the entire social fund
and liberate some social funds
to the stock market.
But the financial reporter,
Zeng Dapeng, said
the news of the CCP's special national debt
had a very limited impact on the capital market.
Because from the day of May 13,
the A-share performance was not positive,
the truth was reflected.
After the details of the CCP's special national debt
were revealed on the 13th,
the market performance was still low,
and did not wait for the index to rush up.
There were still more than 4,000 stocks
in the stock market,
and the stock price was still floating.
After all, the Hong Kong-based capital management
limited company,
Tosha, the CEO of a private fund,
said that this year is the 6th
time the CCP has issued a super-long-term special national debt.
He said that this April,
the CCP's government basically
has no tricks to
issue national debt to stimulate the economy.
Facing the CCP's strategy to save the economy,
Tosha was not optimistic.
He said that the CCP is now facing inflation,
and is afraid that the CCP will not come,
and is afraid that the CCP will come.
Tosha has been predicting that China's
hydropower and gas prices will rise,
and he reminded Chinese people
to prepare for inflation.
But some netizens said that
the price will rise, but the salary will not rise.
This is a sign, not inflation.
There are also netizens who think that
the CCP's super-long-term special national debt
is that people eat a certain amount,
and the money is empty.
The current economic situation is that the market has collapsed,
and the consumption has dropped.
How can there be money to buy national debt?
The CCP's Ministry of Finance said that
the super-long-term special national debt issued this year
is not subject to financial policy management.
The special national debt is used
in the so-called national strategic implementation
and the construction of key areas of security,
but the outside world
is not optimistic about this.
Journalist Wang Hak said that
this special national debt
is to pay off the profits of those items,
but the so-called key items issued by the CCP
and the so-called national security items
are all packaged.
In fact, they are all very bad things,
and there is not much profit in them.
So if you want to rely on yourself,
you can't pay it off at all.
In the end, it can only form a very large
debt pit.
Wang Hak said that
because it is not included in the budget management,
the security of the government's debt
itself is highly doubted.
Perhaps the final actual result is that
not only does it not alleviate China's debt crisis,
but it also makes the debt crisis
more serious.
The collapse of China's real estate
is due to a setback.
One of the main reasons is that
the Chinese Communist Party has moved to the EU.
According to informants,
the Chinese Communist Party is currently
considering a plan to buy
hundreds of thousands of unsold houses
from local governments
in an attempt to save the real estate market
On May 15, according to a special report
reported by an informant,
the Chinese Communist Party is still discussing
the details and feasibility of the
plan to buy unsold houses from local governments.
They also added that
if the Chinese Communist Party leaders
decide to promote the plan,
it may take a few months
before it can be finalized.
At present, the Chinese Communist Party's State Council
is seeking feedback from several provinces
and government agencies on the initial plan.
Although the Chinese Communist Party government
has tried several testing projects
with state-owned funds to
digest excessively large amounts of real estate,
the expected scale of the new plan
is much larger.
In addition, local governments
have also been asked to use state-owned
banks' loans to help
developers who are in trouble
to buy unsold houses at a large discount.
Many of these houses
will be converted into economic housing.
According to the above-mentioned news,
the Chinese Communist Party's House of Representatives
has not yet responded to an informant's request.
Bloomberg reported that
if the Chinese Communist Party's authorities
take this action,
it will mark a new stage
for the Chinese Communist Party's economic system.
Although the Chinese Communist Party
has tried to purchase unsold houses from the government,
most of the larger-scale
measures have not actually worked.
In early 2023,
the People's Bank of China
approved a special loan mechanism
to provide 1 trillion yuan to some financial institutions.
This sum of money
is used to help eight cities
try to buy unsold houses.
It is used in the local rental housing plan.
In January this year,
according to the Economic Observation Department,
cities such as Qingdao and Fuzhou
have already started using this money to buy apartments.
But China's Central Bank's latest
track record shows that
until March, the plan only issued
a loan of 2 trillion yuan.
This means that the attitude of banks
and local governments is very cautious.
In April this year,
according to the Asia Exhibition,
China's real estate crisis
is spreading to the core of the CCP's
highest political power.
Some Chinese media hinted that
Hengdai is the core of the Chinese real estate crisis.
When Hengdai goes bankrupt,
these huge loans
may eventually be paid by the people.
Okay, that's all for today.
Thank you for your attention.
See you tomorrow.
