East Asia Tonight: China admits economy facing 'new problems'

Also on East Asia Tonight (Sep 26), China on alert after Japanese, New Zealand and Australian military ships sail through the Taiwan Strait; and, can Japan's Economic Security Minister Sanae Takaichi become the country's first female prime minister?

[上正止]

Not because I am ethnic Chinese, I have absolute confidence in China’s government way of handling any problem because I am a pragmatic person who follows current affairs news ( facts).

[happymelon]

Saudi Arabia welcomes first batch of Mandarin teachers from China.
The Saudi Education Ministry said the language will be taught in schools in Riyadh, Yanbu, the Eastern Province, Jeddah, Jazan, and Tabuk, following a 2023 government decision to incorporate it alongside Arabic and English.

Around 175 Chinese language teachers will begin teaching in Saudi primary and middle schools, marking the first wave of Mandarin teachers in the kingdom.

[wesleyclayton]

I believe China would continue to sail through Japanese islands into west pacific for naval drills every month

[peterng]

On early 1980, I went to Shenzhen and did a project on its economic growth. On 2024, I spent half a year and traveled around GBA regions - I can say the whole regions will grow positive as if 1980, 90, 2000...etc.

[lv]

CNA, Tell us which country doesn't have economic problems !

[JohnDoe-hfum]

CNA does a negative piece on other countries: CCP wumaos laugh at them and say they are declining
CNA does a positive piece on China: CCP wumaos inflate their chests and proclaim China is strong and powerful
CNA does a negative piece on China: CCP wumaos be like "omg why target China, which country doesn't have such problems, CNA is biased mouthpiece!!!"

[changcunLiu]

How pitiful the many commenters, unless you are part of the United States or an Anglo-Saxons member country, there is no reason for you to ridicule China here. China have protected the whole world and prevented the dollar flood plan from succeeding. You are being protected without even realizing it. With the end of the interest rate hike policy and the beginning of interest rate cuts, a turning point has already emerged, let‘s see.

[ArabicReja]

Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?

[peterng]

With the opening of River Tumen to China by both USSR and North Korea, China has direct access to Sea of Japan now. Not less than 5 years, there will be a lot of fishery boats (from China) and fish at there - Sea of Japan won't be a monopoly of Japan.

[no...]

But majority still owns a 20k electric car, a 200k condo and a few parcel of land left behind from their ancestors. For $600, one can get an electric scooter to zip around town. Food delivery earns 500 CNY a day.

[malvinderkaur]

Mortgages cuts only make sense to those who have regular income below certain levels, labor out of work doesn't even has anything to fall back on as wages paid are so poor to average

[ruiwang]

Wait till disaster struck and hearing all the sweet talks... it is very clear that there is a lack of frequent maintenance that caused the major breakdown.

[AhmetTekin]

China has a faulty economic model, which can only be fixed by a regime change.
Taiwan 🇹🇼 can help.

[issactian]

The Western back doom Sayer when the west and Singapore is in trouble.😅

[johnboy]

Well alright, I am here for my daily dose of Otelli. Dang, she speaks Mandarin? That's the hardest language to learn other than English and any other language I've ever tried to learn. Japan is WAAAAYY overdue for a female PM. They wonder why the economy is so stagnant. Too many protectionists. Those old heads need to move over.

[philiplim]

How can the Chinese buyers have buyer confidence when rotten tail buildings are a major concern, it's like throwing away your hard earn money

[kamaruddintahir]

The poor man transportation issues can be heard until something had happened people able to hear apologies coming from top person who is not affected as the regular mrt commuters suffered

[meteorknight]

Unlike UK EU which never admit they have economic problem

[djibicisse]

Damn if they admit it means
It’s in icu

[summer]

If the CCP admits that the Chinese economy has problems, it's means that the economy is in the ICU.