China news roundup / Nachrichten 2024-12-12
China pledges more borrowing and interest rate cuts to counter Trump’s tariff threats
"China pledged Thursday to increase the budget deficit, borrow more and loosen monetary policy to maintain stable economic growth as it girds for more trade tensions with the United States where Donald Trump is returning as president."
--- Some media seem completely obsessed with Trump. Everything leads back to him. As if the Chinese economy hasn't been in dire straits for quite a while now. Without Trump.
Anyway, it's just more promises. We'll have to see what, if anything, comes of it.
"This year’s meeting came with the world’s second-largest economy stuttering due to a severe property market crisis, high local government debt and weak domestic demand."
--- Exactly. So, why do you think the new promises are just about Trump?
"A separate readout from state news agency Xinhua, watched by financial markets for references to the yuan currency, kept a pledge to “maintain the basic stability of the exchange rate at a reasonable and balanced level.”"
--- Just another pledge. But in this case, it's probably closer to the truth. Because this is also about saving face.
Xi Jinping calls for wider use of Mandarin in China’s border areas
"Chinese President Xi Jinping said common Chinese language, or Mandarin, should be “spoken more broadly” in border regions, adding to longstanding concerns about the impact on China’s ethnic minority languages, which some of their speakers say are struggling to survive.
China’s borderlands, spanning five provinces and four autonomous regions, including Tibet, Xinjiang Uygur and Inner Mongolia, are culturally and linguistically diverse
[...] Xi also said Mandarin, colloquially known as Putonghua, and its writing system should be comprehensively popularized in border regions, and the use of national textbooks compiled under central guidance should be fully implemented
[...] He told members of the ruling party’s top policymaking body that it was necessary to guide all ethnic groups in border regions to “continuously enhance their recognition of the Chinese nation, Chinese culture and the Communist Party”."
--- Translation: 'Submit to the superior Han Chinese culture! Assimilate or die!'
Canada sanctions 8 Chinese officials for human rights violations
"Canada imposed sanctions on eight former and current senior Chinese officials on Tuesday, citing their involvement in grave human rights violations in Tibet and Xinjiang and against Falun Gong followers.
The sanctions attempt to freeze the assets of the individuals by prohibiting Canadians living inside and outside the country from providing financial services to them or engaging in activities related to their property."
--- Is Trudeau ill? Or is he actually growing a backbone?
Trump ‘invited’ China’s Xi to inauguration in Washington
Chinese national arrested after allegedly flying drone over US military base
Australia turns to rugby to curb China influence in PNG
--- DW News: "How a Chinese company made hundreds of millions with fraudulent climate projects"
--- NHK: Who Will Protect the "Last Traditional Village?": Yunnan, China
China will mehr Schulden machen und Zinsen senken
""Die negativen Auswirkungen der Veränderungen im externen Umfeld haben sich verschärft", hieß es in den Berichten. "Es ist notwendig, eine aktivere Fiskalpolitik zu betreiben, die Defizitquote zu erhöhen, die Ausgabe von ultralangfristigen speziellen Staatsanleihen zu steigern." Außerdem sollten die Zinssätze "rechtzeitig" gesenkt werden."
--- Viel mehr als neue (& alte) Versprechungen gab es bei dem Treffen auch wieder nicht.
!PIZZA
$PIZZA slices delivered:
@thehockeyfan-at(3/5) tipped @bossel