The world’s biggest annual migration has begun in China. A record nine billion journeys are expected to take place during the next 40 days. It’s hoped the Lunar New Year travel boom will boost the slowing economy.
Al Jazeera’s Katrina Yu reports from Beijing.
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#LunarNewYear #ChinaTravel #AnnualMigration #EconomicBoost #RecordJourneys #LunarNewYearBoom #ChinaEconomy #TravelTrends
5% growth is “stagnating”. Where on earth do they get these “journalists”?
And that too for an 18 trillion dollars economy
Borrowed from CNN I guess.
Where? Or course these journalist are from The West, where their countries economies are booming ie. US, UK & Germany! Lol😂
China’s Stock Market: From Exodus to Opportunity?
After years of closed doors, China’s once-booming stock exchanges witnessed a mass exodus of foreign investors, with major indices plummeting from dizzying heights in 2015 to a sobering reality in 2024. Shenzhen tumbled from 18,000 to 8,500 points, while Shanghai followed suit, shedding half its value over the same period.
But 2024 promises a new dawn. Recognizing the need to revitalize its markets, the Chinese government has unleashed a two-pronged attack: a hefty 2 trillion RMB fund injection and an ongoing interest rate reduction strategy. This newfound commitment, fueled by China’s impressive household saving rate (four times that of the US!), aims to reignite investor enthusiasm.
The changes go deeper than mere monetary stimulus. Portfolio companies will now face rigorous performance scrutiny, with misrepresentation and investor deception attracting hefty fines and even jail time from the Chinese government. This signals a shift towards transparency and accountability – a key ingredient for any healthy market.
And what about foreign investors? The doors are finally swinging open wider. Allowing 100% ownership of listed companies is a bold move, one that could attract a fresh wave of capital and expertise.
But China’s ambitions extend beyond its borders. As the world’s top exporter of key technologies and industries, such as cars, integrated circuits, telephones, computers, solar panels, and rare earth metals. According to a survey by the Australian Strategic Policy Institute in 2023, China leads in 37 out of 44 critical technologies, including AI, advanced materials, renewable energy, advanced manufacturing, cybersecurity, and gene technologies, it aims to leverage its economic might for global expansion.
And with BRICS overtaking G7 in terms of combined GDP, the Global South nations are increasingly wary of Western practices and bad experiences in the colonization, unfair sanctions, one-sided terms and conditions, and unjustified invasions; China positions itself as a compelling alternative.
This is not to say the challenges are negligible. Internal reforms, managing rapid growth, and navigating geopolitical tensions remain pressing issues. Yet, one thing is clear: China’s stock market is undergoing a seismic shift.
I’ll stay at home co’z we still have a new version of COVID-19 here in China — some Chinese 😂😂😂🇹🇼🇹🇼🇹🇼🇹🇼🇹🇼
The American Fort Detrick Illuminati Plandemic, making China the scapegoat again.
Poor Filipino bot.
Harbin Unit 731 Museum…. A must visit
No one works harder than you
Happy New Year to everyone who is celebrating a Year of the Dragon 🐉
This video is actually genuinely underated and this is actually the actual real China that the actual American and British BBC propaganda mainstream media actually don’t show you is actually really like and actually capable of actually doing
Happy Chinese New Year 😍😍
Chinese’s domestic economy itself will be churning good!