Three largest credit rating agencies in the world have turned their backs on China, issuing severe negative news. Last week, the long-term sovereign credit rating outlook for China was downgraded from stable to negative. On Tuesday, Fitch Ratings further revised the credit rating outlook for Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, Bank of Communications, and China Postal Savings Bank from stable to negative. This could potentially trigger a financial crisis in China. With this development, the three largest credit rating agencies in the world, S&P, Moody’s, and Fitch, have all turned against China.
Rumors suggest that Moody’s has shut down all its operations in mainland China, with empty offices and dissolved staff. Even the Moody’s Chinese account is closed. – @AsiaFinance
It’s time to let Xi Jinping amuse himself, don’t indulge him in his dreams. Recently, Yu Maochun shared an interesting perspective during an interview with Taiwan Radio Broadcasting: Taiwan does not need to care too much about the feelings of the Chinese Communist Party (CCP). The pressure from the CCP is aimed at creating a perception that the CCP’s ideas are “legitimate.” If Taiwan cares too much about CCP’s sensitivities, it will psychologically signal acceptance of the CCP’s views. He further mentioned that only Xi Jinping wants war; no neighboring country wants war. In simple terms, let Xi Jinping entertain himself, don’t indulge in his dreams. – @ltshijie
Not a single measure is benefiting the common people. Oh, how ruthless foreign media can be, speaking the truth! It’s quite eye-opening to read that some foreign media have pointed out the various market rescue policies and funds are all geared towards saving developers, land finances, urban investment companies, and local governments. Not a single measure is aimed at helping the common people. On the contrary, they are all focused on how to make you empty your pockets and burden yourself with decades of debt. – @Jam79922967
The number of Chinese web pages has decreased by 70% over the past ten years, from 4.3% in 2013 to 1.3% in 2024, surpassing only Indonesian and Vietnamese languages, and falling below Polish and Persian languages (Web Technology Surveys). From December 2018 to December 2023, the number of websites in China decreased from 5.44 million to 3.88 million, a nearly 30% drop within five years (China Internet Network Development Status Report). China has a netizen population of 1.092 billion, accounting for 19% of global netizens, yet the number of Chinese web pages has fallen by 70% over the past decade. This decline of 30% in Chinese websites over five years clearly indicates that Chinese content sites are rapidly diminishing and gradually disappearing. – Moonlight Blog
What will you do about it? The People’s Liberation Army has mounted machine guns on robot dogs, yet another case of not following the rules, illegally overtaking others. What will you do? The robot dogs are the original creations of Boston Dynamics. With the noble wish to benefit all humankind, Boston Dynamics open-sourced in 2020, publicly releasing the SDK on GitHub and stating that weapons should not be attached to robot dogs for military purposes. – @JohnZhangSV
If their lies are exposed, they are just a bunch of cheats. If their assets are scrutinized, they are a group of robbers. If their accounts are revealed, they are a bunch of thieves. If their lives are exposed, they are a gang of rogues. If their masks are torn off, they are a group of demons. – Netizen