"China's newly appointed defense chief and Shoigu discussed boosting military cooperation and coordination as the Russia-Ukraine war drags on. Tensions surrounding the Ukraine crisis have tested the resilience of the China-Russia partnership, with Beijing supporting the Kremlin's plans economically rather than openly amid international pressure."
I see you're trying to drive a wedge between India and Canada, dirtyid, or Chinese citizen who lives in Canada who loves China and hates western world. It really doesn't matter what you're doing you know, China is a Great Depression and will stay there for 20 years.
Also proving the point that Canada and US should not be importing more Chinese pinkies into the country
When is Europe going to wake up and realize that China is attacking Europe with all its weights, whether its through Russia's military invasion or through economic attack of dumping of EV and solar that seeks to destroy Europe's car industry?
China is the biggest importer of Iran's oil. Iran's oil exports reach 5-year high, with China as top buyer
https://asia.nikkei.com/Business/Markets/Commodities/Iran-s-.... Iran supports Houthi, and both with Iranian drones and Houthi missiles, are attacking US and European ships.
agreed, also, what is with all these articles written/submitted in favor of Chinese EVs in US? do they not know we are currently fighting an indirect war with China, with China supplying Russia's invasion against Europe being supplied by US? do they not know China is basically the backer for Houthi, Iran, North Korea, and Russia?
The layoff announcement mentioned that the 11% staff laid off is global. It's possible a lot of people laid off are actually in China, since Tencent owns 100% of Riot Games. There is a trend for Chinese companies to not hire workers that are over 35 years old, so some of these employees might be unemployed for a long time. Also, Chinese economy is in the crapper right now.
The layoff announcement mentioned that the 11% staff laid off is global. It's possible a lot of people laid off are actually in China, since Tencent owns 100% of Riot Games.
It's doubtful that these Chinese employees are chatting about it on hacker news, since it would draw attention of the authorities. Also, there is a trend for Chinese companies to not hire workers that are over 35 years old, so most of these employees are probably in shock on how they would pay their mortgages and support their parents at the same time. And Chinese economy is in the crapper right now.
The problem with China is that they got old and demographically smaller, and decided to pick a fight alongside Russia against Europe and US, before they got rich or at least above poverty level.
China Tries To Censor Data About Nearly 1 Billion People in Poverty
In his article for the business outlet Yicai, Li cited data from a 2021 research paper by the China Institute of Income Distribution at Beijing Normal University, which placed the number of people living on less than 2,000 yuan ($300) a month at 964 million, or nearly 70 percent of the population.
China's population drops for second year, with record low birth rate
The National Bureau of Statistics said the total number of people in China dropped by 2.08 million, or 0.15%, to 1.409 billion in 2023. New births fell 5.7% to 9.02 million and the birth rate was a record low 6.39 births per 1,000 people, down from a rate of 6.77 births in 2022.
No, the big anxiety in China is that the manufacturing is disappearing, especially to developed world like Europe and US. With real estate and consumer spending - the 2 of 3 economic engines - in the dumps, China has switched focus back to manufacturing - the other engine. However...
China's annual exports drop for first time in seven years.
Among key trading partners, exports to the U.S. led the decline, down 13% from the previous year. Demand from the European Union and Southeast Asian countries also shrank.
lol, spoken like a mouthpiece for Chinese or Russia dictatorship brainwashing media. These are democratic allies that have allied against invading dictatorships.
No chance in hell China and Russia wins here, against such a formidable alliance. They will merely slowly fade away in the global economy, into obscurity.
"They essentially put the Russian economy into an artificial coma by raising the key rate to 20 percent. Additionally, they imposed temporary capital controls, compelled exporters to sell export revenues, and prohibited non-residents from leaving Russian markets....This combination of factors allowed the Russian economy to sustain itself in 2023 and gave time to Putin, the government, and Russian businesses to adjust their strategies, turning to new markets, mostly China and India."
However, it does look like Russia's strategy of supporting economy on strong oil sales will falter in 2024 and 2025.
"Indian purchases of Russian crude have fallen to an 11-month low as the price tag on the discounted oil rises...Sources at the Indian refineries told Reuters that the country is looking to Saudi oil partly because of problems with payments for Russian light sweet crude Sokol."
https://www.newsweek.com/russia-oil-india-war-saudi-1860480
China was pro-market until Xi Jing Ping tightened control. The moment when everyone realized that things had changed was when Jack Ma's ant group was prevented from going IPO, and Jack disappeared shortly after for a long while. Now it's regressing quickly back into state controlled economy.
That's what every Chinese fanboys on this forum keeps repeating: so many Chinese graduates! However, with unofficial 40% youth unemployment rate and 10k chip companies shutting down in 2023 https://www.tomshardware.com/tech-industry/manufacturing/chi..., where would these graduates actually work? realistic answer is that they're right now delivering food or driving didi. or laying flat doing nothing.