“Rare Acknowledgment”? 6 crises facing the Chinese Communist Party

Hello everyone, welcome to News Five, today’s co-hosts are Tang Hao, Qin Peng, and Lin Lan. Five individuals with diverse perspectives collide, taking you into the rich world of news. Feel free to subscribe to and like our independent channel.

Today’s focus: Xi admits “economic difficulties” and releases three major signals; the return to poverty carries strong implications! Third Plenary Session of the Central Committee facing internal and external troubles; six crises are looming! The most terrifying issue is not the real estate market; the CCP initiates “money grabbing”, three types of people should be cautious; Chinese university students seek employment in the Middle East, while the CCP downplays the importance of higher education, a warning sign for one type of savings.

To truly understand how bad the Chinese economy is, we must listen to the party leader speak in person. The six major crises are unstoppable, with Chongqing sending university students far away.

Xi Jinping publicly stated at a meeting of the CPC Politburo that China is facing “some difficulties and issues in economic development, which are problems during development and transition.” However, he expressed that with efforts, these difficulties are “fully conquerable”, and claimed that we must have confidence in development, using “real and high-quality development achievements” to promote the “bright theory of China’s economy”. He also mentioned the need to “prevent vicious competition leading to ‘overturning'”.

After singing the “bright theory” for half a year, it unexpectedly went off key.

The unemployment rate remains a mystery, and the job market is currently experiencing a near-death experience. Coupled with the CCP’s anti-divine stance, despite the divine message instructing it to “disintegrate and move towards freedom”, it pretends not to hear, leading to the Chinese economy falling into a vicious cycle of internal overturning.

Questions:

Q1: Lin Lan, can the CCP’s main theme of the “bright theory” also go off track? If the party leader personally acknowledges the economic difficulties in China, what important signal does this send?

Q2: Tang Hao, Jin Shi, Qin Peng, are you surprised by the party leader speaking out about the economic difficulties?

Q3: Jin Shi, the mysterious and eerie figure of the Chinese unemployment rate, and the aging job market. Consequently, authorities are now sending batches of university students to achieve so-called “cross-border employment” to work in Oman in the Middle East. What is the situation here?

Q4: Lin Lan, is this an indication that the youth can no longer handle the pressure?

The latest statistics released by the National Bureau of Statistics of China show that the Purchasing Managers’ Index (PMI) for the manufacturing sector in July was 49.4. Some analysts believe this indicates a “strong sense of pessimism in the manufacturing industry”.

Q5: Qin Peng, however, this time the party leader also mentioned “deeply tapping into the potential of domestic demand”, which suggests that he intends to address the economic difficulties by expanding domestic demand? In fact, China’s society has long been plagued by overcapacity, with foreign exports gradually becoming less welcomed. Why is the authority still targeting the “manufacturing industry”?

Q6: Tang Hao, Taiwanese economist Mr. Wu Jialong summarized the “six major crises” in the Chinese economy and mentioned that the CCP has initiated a “money grabbing” mode. How should we interpret this?

Wu Jialong also predicted the potential path for the collapse of the CCP regime: various crises will force people to “cut back on expenses”, leading to deflation, followed by a financial collapse, ultimately resulting in fiscal collapse, which will in turn lead to the collapse of the CCP. Finally, he stated that “from the current situation, it is very difficult for the CCP to avoid the occurrences seen at the end of a dynasty.”