China: Facts, Events, Opinions (09/2023/261)

chiny24.com 2 years ago

More and more digital yuan

Last year, 13.61 billion yuan (about PLN 8.724 billion) were traded in the digital version. all week, the amount of digital currency (CBDC) is expanding and growth seems to be accelerating.

Source:

https://news.cnstock.com/news,bwkx-202301-5005844.htm

RMB in cross-border transactions

At the end of December 2022, RMB (juan) remained the world's 5th currency utilized in global settlements. According to the calculations of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) in Chinese yuan, 2.15% of all transactions carried out via SWIFT (including the EUR zone) were cleared. The most crucial hub for offshore RMB trading remains Hong Kong (73.85% of all transactions), followed by London, Singapore and the United States.

Source :

https://baijiahao.baidu.com/s?id=17554471096011079101&wfr=spider&for=pc

Hong Kong wasn't easy.

The year 2023 was not easy for the Hong Kong peculiar Administrative Region as well as for the full of China. Preliminary data indicate that the region's economy declined by 3.2% y/y. While inflation in Hong Kong last year reached an average level of 3.5% y/y – low and under control – exports of the region decreased by 8.6% y/y and imports by 7.2% y/y.

Foreign trade is 1 of Hong Kong's most crucial economical sectors alongside tourism. In December 2022, the largest monthly (m/m) trade declines with abroad over the last 70 years (111), in exports by 28.9% y/y, in imports by 23.5% y/y were recorded. The trade deficit between exports and imports increased to 8%.

Housing prices in Hong Kong have fallen by 15.6% for the first time in 13 years. This is the highest price decrease since 1998 (Asian crisis) erstwhile the property price decrease reached 32.5% y/y. The metropolis faces at the same time the same demographic problems as mainland China or most developed countries. The population of the region decreased by 1.6% (at 7.291 million in December), the birth rate decreased, the death rate increased, and the divorce rate increased (nearly 3 times in 10 years).

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How to last Hong Kong

According to the analysis of Picodi.com for basic food products in Hong Kong it was essential to spend 23.8% on average in January of that year, which is almost a 4th of the average wage (7500 HKD; ca. 4153 PLN).

This was in item as follows:

- - milk (10 litres) 242 HKD (approx. 134 PLN);
  - bread (10 loaves, 500 gr each) 183 HKD (approx. 101 PLN);
  - rice (1,5 kg) 24 HKD (approx. PLN 13,30);
  - eggs (20 pcs) 45 HKD (approx. 25 PLN);
  - yellow hard cheese (1 kg) 195 HKD (approx. 108 PLN);
  - poultry, beef (6 kg) 759 HKD (approx. PLN 420,50);
  - fruit (6 kg) 166 HKD (approx. PLN 92);
  - vegetables (8 kg) 170 HKD (approx. PLN 94,20)

This is simply a list of products that, according to local standards, cover the minimum nutritional requirements of an average adult within a month. It is crucial that food prices in January in Hong Kong rose by 2.23% y/y and the average monthly wage for 2 years has been at the same level. Hong Kong is ranked 36th worldwide in the category of "the ratio of monthly wage average to the cost of a basic food basket".

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Industry inactive with potential

At least for 4 years, the Chinese manufacture has been facing comparatively low capacity utilisation rates. In the 4th fourth of 2022 these were only 75.7% sq./kw. It is simply a problem of this economy, but besides a evidence to the possible it inactive has. The question is how to usage it, especially erstwhile national and abroad economies have been slowing down for many years.

Source:

http://www.stats.gov.cn/tj/zxfb/202301/t20230117_1892084.html

According to the State Statistical Office data (国家统计局)

**China's growth is “a large triumph for the world“**

No, these are not words spoken by Xi JinPing or any another Chinese politician. Bill Gates spoke at the Lowy Institute, a think-tank based in Australia.

“I see China’s growth as a large triumph for the world” said Gates. He is an optimist towards China. He believes that “The current U.S. way of reasoning about China is simply a kind of fate-lose mentality“(i.e. the other of Chinese “win-win”). Bill Gates besides believes that the United States was at a phase of political weakness and, consequently, a change of the planet system, which is based on US leadership, is needed. Countries like China and India should play a greater function in the global governance system. The full planet should work together for the global economy, pooling the forces of all countries to accomplish targets specified as the discovery of a cure against cancer, or solutions to mitigate the effects of climate change and halt them from getting worse.

Source:

https://fort.com/2023/01/26/bill-gates-china-rise-great-for-rest-of-world/

What does the Chinese Ministry of abroad Affairs say?

about the planned visit of the US Secretary of State: China has always developed Chinese-American relations in line with 3 principles: common respect, peaceful coexistence and win-win cooperation. At the same time, they will stay firm in defending their sovereignty, safety and improvement interests. China does not avoid or fear competition, but opposes the definition of full Chinese-American relations as competition. China is ready to communicate and cooperate with the United States on the basis of common respect, equality and reciprocity. But the U.S. cannot interfere in China's interior affairs and harm their interests. Taiwan's issues are crucial to common relations. The United States should not even effort to cross this red line.

about the possible visit of Wang Yi, manager of the abroad Affairs Department of the Central Committee of the PSC in Moscow: There's no circumstantial information at the moment. It is average that China and Russia keep a close exchange of views at all levels of administration.

about the situation in Ukraine: China's position on this is clear and consistent from the outset. They proceed to work actively to bring peace, advance talks, address the crisis politically and mitigate and de-escalate the situation. They always stick to an nonsubjective and impartial position, they stand for peace. They do not stand idle, do not add fuel to the fire, and do not take advantage of the chance to make profits. The United States is the initiator and top driver of the Ukrainian crisis, constantly sending dense and offensive weapons to Ukraine, constantly extending and strengthening the strength of this conflict. Washington should halt sending weapons, sponsorship fights, and alternatively advance the end of war as shortly as possible and make the essential conditions for peace.

about president Elekta Czech telephone conversation with president Taiwan: This was a serious interference in the interior affairs of China, a gross violation of the Czech Party's political commitment to the rule of 1 China, and sending a "bad signal" to separatist forces aiming at "independence of Taiwan". The Chinese side expresses dissatisfaction and firm opposition, as expressed by a diplomatic protest note submitted to the Czech side. There are only 1 China in the world, and Taiwan is an inalienable part of it. The issue of Taiwan concerns China's sovereignty and territorial integrity, is China's primary interest, as well as the political basis for developing China's relations with the countries that have established diplomatic relations with them. China calls on the Czech side to take effective action immediately to remedy its errors, destruct the adverse effects of the incidental and comply with the rule of 1 China through concrete actions.

about entering the American airspace of a Chinese reflection balloon: A balloon of this kind applies civilian and scientific. It is utilized to conduct weather tests at advanced altitudes, which does not threaten, for example, civilian aviation. This peculiar balloon came into U.S. airspace by accident, as it deviated from the scheduled course. China regrets this incident. They are a liable country, always strictly complying with global law and do not intend to violate the territorial airspace of any another sovereign country. They hope that both sides will work together to deal with the situation calmly and carefully.

Source:

https://www.mfa.gov.cn/fyrbt_6730211/

History sheet

44 years ago, on 29 January – 5 February 1979, Deng XiaoPing, the initiator of reforms and the beginning of the People's Republic of China, visited the United States. This happened a period after the US and China established authoritative diplomatic relations.

This was the first visit of the Chinese leader to American soil. The bad weather would stand in her way, but she said Deng himself decided not to cancel the visit and issued an order to prepare the departure of the government aircraft at a specified and pre-planned time. The White home prepared a Chinese guest with full honors of the head of state, even though Deng was formally only a Deputy Prime Minister at the time. During this visit Deng XiaoPing spoke to then president Jimmy Carter 3 times. He besides visited 3 American cities: Atlanta, Houston and Seattle. He visited Ford's car factory, space flight center, and Boeing 747 aircraft assembly center.

It was a landmark visit to the relations of both countries. It was not without protests, an effort to organize an assassination that the American safety services had managed before the visit began.

Deng Xiaoping's visit to the US preceded respective years of intensive diplomacy of both countries. 1 of the key figures of that time was Zbigniew Brzeziński. The content of his conversation with Deng, which took place in Beijing on May 21, 1978, can be found here: https://china.usc.edu/zbigniew-brzezinski-meeting-deng-xiaoping-may-21-1978

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Garments

This name will be given to part of the review of events dedicated to various androns, pharmasons and akin farts about China caught while viewing the content of Polish or abroad media.

The fact that no 1 is curious in indicating material "savingly managing the truth" about China, called "fake news" in Old Poland, has led me to include "baskets/pals" in the review of the news from China and China. The deficiency of journalistic integrity in informing what is actually happening in China has besides played an insignificant role. Whatever – good or bad.

A fresh example is an article published on the website "Interia". Mr. editor D. Štyrbowski writing an article, or alternatively an informational note for this portal was most likely in a state of legendary clear darkness, due to the fact that I can't fishy that this is simply a simple deficiency of cognition or ignorance.

According to Mr Štrbowski, Wang Yi is simply a associate of the Council of the State of the PRC and the Minister of abroad Affairs of that State. It's not.

Mr. Wang Yi is no longer either. As of October 23, 2022 (XX organization reunion) is simply a associate of the Political Office of the Central Committee of the Communist organization of China (中央政治局委员), and as of January 1, 2023, manager of the Central Committee's abroad Affairs Department (中央外事工作委员会办公室主任), in the Chinese power structure is individual who can be described as super-minister of abroad affairs.

This information is widely available online and just a small journalistic reliability to scope them. I'm guessing red. Štrbowski alternatively of wasting time verifying the information he received preferred to entrust the reports of the Reuters agency, which he simply translated. He most likely forgot the rule of limited trust in sources, which should form the basis of the workshop in this profession.

Once the mission of the media was to inform. The most crucial thing present is the clickability. And that there is no golden recipe for it, you gotta release as many messages as possible, hoping that 1 will eat. Under the circumstances, a man is so busy, he doesn't have time to burden a wheelbarrow. Only do media in this fresh form have the right to the title of "fourth power"? If so, it would be worth considering the nature of this power, who benefits, who loses. Surely, the beneficiaries are not readers of content that is sloppyly edited and automatically published on the website "Interia" and its like, who anticipate them to receive content of decent quality and reliable information.

PS.: If Wang meets Putin in accordance with this article, they will surely talk about the anticipation of visiting Xi in Moscow in the spring, at Putin's invitation.

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