China's 2024 Economy Deepens Downturn; COPD Sufferers in China Hit Hard by Rampant Viral Strains

exclusive interview several major reasons for China's current serious epidemic situation China's two more listed companies stepping on mines with Jeong trust she's daughter's leaker cognitive decline mother faces death threats for reasons why China's economy continues to struggle in 2024 it's all covered in today's China truths exclusive interview several major reasons for China's current serious epidemic situation by the end of 2023 China saw a renewed outbreak of the new Corona virus with an increase in severe white long cases and sudden deaths in an exclusive interview with NTD television Professor G Junu from Oregon State University specializing in global Health Management and policy noted that the covid-19 infections seen in China are also occurring elsewhere though on a smaller scale he analyzed why the situation in China is particularly severe Professor G Junu shared an interesting fact possibly overlooked by mainstream media but acknowledged by the World Health Organization the outbreaks in China are diverse in addition to Wuhan pneumonia they include severe strains of influenza particularly affecting children he mentioned relatives whose children had mild Wuhan pneumonia symptoms but experienced much more severe symptoms with this year's influenza strain a significant pathogen in China's current epidemic is micoplasma also known as mold bacteria in Taiwan while not a new bacterium its severity this year is noteworthy Professor G attributed this to China having overused antibiotics in the past decade for treating pneumonia caused by mold bacteria leading to nearly all firstline antibiotics becoming ineffective he mentioned that while drug resistance in Taiwan is about 50 to 60% it's nearly 100% in China explaining the gravity of the situation Professor G also pointed out other reasons for the severe epidemic in China including the country's strict zeroc covid policy this policy suppressed other respiratory infections and lifting these restrictions has led to a rapid outbreak especially among children lacking immunity another Finding of Professor G's research is that 25 to 30% of China's population suffers from chronic obstructive pulmonary disease COPD people with COPD experiencing influenza or other respiratory viruses tend to have more severe symptoms Sy it is precisely because the proportion of people with this COPD in China is quite high that if this influenza other pneumonia and other outbreaks occur they will have a more serious impact on these people's symptoms furthermore Professor G highlighted the impact of China's stringent zero covid policy over the past 3 years on children under such strict control measures many Chinese children especially young ones were supposed to receive various vaccines particularly those for respiratory infections however the stringent regulations have caused many of these children to either miss their vaccinations or not receive them correctly as of now the epidemic situation in different parts of China remains serious with a significant number of children being affected and many people had to spend the last day of 2023 in hospitals China's two more listed companies stepping on mines with Jeong Trust on the evening of December 29th 2023 both jeru education and Ami Corporation issued announcements regarding the subscription of Jeong trust products the products experienced delayed Redemption posing a risk of being unable to fully redeem principle and interest involving a total principle of 70 million Yuan approximately 9.8 million USD jeru education subscribed to the xong trust's trust product circular Harmony number one on July 3rd 2023 with a subscription amount of 50 million Yuan approximately $7 million in a maturity date of December 28th 2023 as of the announcement date the principal and investment returns of circular Harmony number one have not been redeemed omley Corporation purchased the Jong yanrong number one Collective Capital trust plan for 20 million Yuan approximately 2.8 million us with an expected annualized return of 5.8% and a product term from June 30th 2023 to December 27th 2023 as of the announcement date the company has noted the principle and investment returns of the mentioned trust products both companies have communicated multiple times with Jeong trust regarding the Redemption of the trust products but have not yet received a written response from Jeong trust according to reports from Mainland media as of now six publicly listed companies have experienced delayed Redemption of Jeong wrong trust products within December 2023 with a total subscribed principal exceeding 200 million Yuan approximately 28 million us before the core Financial investment platform of the xong XI group xong trust collapsed until July 31st of the previous year a total of 106 trust products in a jongi group defaulted with a total value of approximately 44 billion yuan approximately $6.2 billion US of which 7 4% were related to real estate Investments over the past 2 years Jong trust has successively stepped on major landmines related to at least 15 companies in the real estate sector including everr group Jou and real estate sunac China and others on November 22nd 2023 the xoni group issued an open letter to investors admitting severe insolvency with the scale of related debt and interest reaching a staggering 460 billion Yuan approximately $65 billion in December 2023 warnings were issued by Bridgewater Associates and former UBS group AG analyst Jason Bedford stating that China's trust industry valued at 20 trillion Yuan approximately $2.8 trillion us was facing significant problems he mentioned that many trust companies were in trouble and their Capital repayment capability might be at risk for reasons why China's economy continues to struggle in 2024 in 2023 the Chinese economy was consistently sluggish let alone recovering to pre-pandemic levels a situation that persists in 2024 the confidence board forecasts that China's GDP growth rate will slow down to 4.1% in 2024 below the estimated 5.2% in 2023 the international monetary fund predicts a decline in China's economic growth from an expected 5.4% to 4.6% in 2024 here are the four main reasons identified by the confidence board for the continued economic challenges in China in 2024 and this situation may persist for several years one pent up demand will fall the anticipated consumption boom in China has never truly taken off the confidence board expects this demand to wne in the coming months disruptions in the real estate industry evident from unfinished apartment buildings and struggling developers have weakened consumer desires to spend leading families to choose savings over consumption China's national Bureau of Statistics reported on Sunday December 31st that the activity index for the service sector in China remained unchanged at 49.3 indicating cautious spending by consumers amid anxiety about employment in the real estate market to do the real estate downturn will persist this year major Chinese real estate developers defaulted or declared bankruptcy in government efforts to stabilize the real estate industry have not had a meaningful impact the confidence board said the economic downturn is structural and may be permanent stating that Chinese families have lost confidence in real estate as a wealth accumulation Channel several International Banks including Goldman Sachs UBS and Morgan Stanley expect the Chinese real estate market to continue to struggle in 2024 dragging down economic growth CMB International also estimates a 7% decline in China's real estate investment in 2024 with corresponding decreases in real estate sales both Goldman Sachs and UBS predict a 5% reduction in sales in 2024 economists believe that the real estate industry has not yet hit bottom making it difficult for Beijing to revive demand three three foreign demand for Chinese products will slow down the global economic slowdown led by the United States and Europe is bad news for China the confidence board states that amidst the global economic downturn demand for Chinese manufacturing exports will continue to decline China's national Bureau of Statistics stated on Sunday that the official manufacturing purchasing managers index dropped from 49.4 in November to 49 in December marking the Third consecutive month below 50 indicating a contraction in economic activity domestic and foreign new orders further contracted and the index indicating willingness to recruit new workers dropped from 48.1 in November to 47.9 indicating that Chinese factories are feeling the pressure of a global economic slowdown and weak domestic spending four Beijing cannot Implement massive stimulus only gradual measures the confidence board believes that due to deep-seated structural issues in the Chinese economy any reform or largescale stimulus plan could lead to disaster policies stimulating credit growth and investment still have some room but the larger the intervention the higher the likelihood of triggering more economic inefficiencies and speculative Investments apart from short-term difficulties the Chinese economy also faces long-term challenges including conflicts with the United States and its allies in trade and National Security as well as rapidly aging population issues she's daughter's leaker cognitive decline mother faces death threats following neu's 14-year prison sentence for alleged involvement and leaking information about XI jinping's family his mental health decline has raised concerns recently neenu's mother Kiki has reported receiving death threats for her rights advocacy drawing attention globally Kiki persists in speaking out for rights despite renewed death threats she recently shared on a platform there are people claiming to do this both at home and abroad accompanying the threatening message was a graphic depiction of a pistol and a machete indicating a warning that she would soon disappear and vanish this disturbing development underscores the challenges faced by neenu's family as they continue to confront adversity and threats while Seeking Justice and defending their rights undeterred she dismissed the threats stating she had grown accustomed to such tactics from guangdong's political and legal authorities according to her these threats reveal the Authority's fear of the truth and their reluctance to engage in legal proceedings despite enduring four years of persecution including noise disturbances arrests of relatives and destruction of property Kiki remains Resolute in her defense of Rights she vowed to persist despite various intimidation tactics including false accusations and freezing of assets report for Neu extends Beyond borders with overseas Chinese signing petitions and advocating for his release the China Democracy party National joint headquarters submitted a letter to US Congress members Chris Smith and Mike Gallagher seeking their support however there are reports of harassment by the Chinese Consulate against those supporting Neu showcasing the lengths the authorities are willing to go to suppress descent jelli Jin CEO of the China Democracy party National joint headquarters highlighted the Chinese consulate's interference even warning a New York resident against participating in a protest dissidents in Shanghai also faced threats from internet police for expressing support on social media amid these challenges Chelli Jinn emphasized the importance of vigilance and the need to speak out against Injustice he pointed out the broader implications stating that neenu's mother is not just defending her son but also fighting against Injustice affecting others the case against Neu originated from the exposure of personal information about XI jinping's family members nine of the 24 defendants were minors highlighting the unjust persecution of young individuals who merely edited entries on the evil Wiki website neu's imprisonment under the Chinese Communist Party led to severe torture including naked confinement and burns reports of a mental disorder alleged poisoning and recurrence of health issues unders the harsh conditions within Mainland prisons in response to neu's dire situation overseas Chinese initiated a signature campaign urging us intervention the open letter submitted to the president and Congress details the unjust conviction and torture calling for attention to this troubling case don't forget to leave a comment in the section below to share your opinions on today's topic with us make sure to like And subscribe to see more interesting topics from China [Music] [Music] truths