Unemployment Growing Among Chinese Youth


Armstrong Economics Blog/China Re-Posted Jul 15, 2022 by Martin Armstrong

Unemployment among the youth (16-24) in China has reached a record high of 18.4%. Unemployment is drastically more prevalent in this demographic compared to the nation as a whole where unemployment sits at 5.9%. Youth unemployment tends to be higher in most nations, with the US posting a 7.8% unemployment rate for the youth and the European Union reaching 13.9%. While our models indicate that China is on the rise, the strain on the labor force will slow the trajectory.

The Bank of America believes youth unemployment in China will rise to 23% in the coming months. They also believe unemployment for the nation as a whole will continue to rise. Young people flock to the cities for employment, and there are simply not enough jobs to meet demand. The requirements to enter college surpass most nation’s standards and numerous teens have taken to social media to complain about the harsh selection process.

China is now encouraging new graduates to seek work in the less desirable countryside, as over 10 million students are set to graduate in the coming weeks. The government is offering incentives to those who choose to work in the country as well.

“For college graduates who start a business in the field of urban and rural community services, policies such as preferential taxes and fees, one-time entrepreneurship subsidies, and guaranteed loans for entrepreneurship shall be implemented in according with regulations,” The Ministries of Education, Finance, Civil Affairs, and Human Resources and Social Security stated. Businesses in these areas that agree to hire new graduates will receive government incentives as well.

The problem began with the pandemic and lockdowns. The zero COVID policy rule has slowed China’s progress toward becoming the financial capital of the world. Small businesses, and businesses in rural areas, were especially affected by the lockdown policies. Additionally, hiring in the tech field has declined after President Xi placed new regulations on that sector. The primary jobs offered in the countryside include hospitality, real estate, and healthcare. Options for remote work could increase the ability for the youth to live and contribute to life outside urban areas. China must find a way to employ these new graduates with no prior experience before the situation worsens.

China’s Extreme Lockdown Measures


Reposed form Reddit

Taiwan & the Risks


Armstrong Economics Blog/China Re-Posted Jul 6, 2021 by Martin Armstrong

QUESTION: Mr. Armstrong; I take it you see China retaking Taiwan in the years ahead. I read your latest report. With your expertise, how do you see that unfolding?

Thank you for your guidance

KJ

ANSWER: China would most likely use its DF-16 – a short-range ballistic missile which Taiwan would have extreme difficulting in preventing them from getting through their defense net. They would target all military installations and possibly take out Taiwan’s airports and that would probably be followed by surface troops landing on their shores. China has its H-6 bombers and J-16 fighter jets, which would wipe out its naval force.

China would then launch several rounds of intensive cruise missile attacks, such as the YJ-91 and CJ-10. These would be launched from both land and sea. This would further target all military bases, ammunition depots, communications infrastructure, and key road junctions. If the PLA did not surrender, since the US and Japan will NOT come to their aid,  then they would use artillery strikes from surface ships and land-based rocket forces to annihilate the PLA’s resistance. I suspect they could take Taiwan in less than 2 weeks. They have been conducting major military exercises.

I do not believe that China is interested in wiping out the infrastructure or the means for economic commerce in computers. The question would be that the West will probably then look to create a competitive chip production to prevent reliance on Asia for computer technology.

Chinawood


Posted originally on GrrrGraphics.com on JUL 2, 2021 AT 10:13 PM

Bruce Lee’s daughter harshly criticized Quentin Tarantino for a scene in his movie, “Once Upon A Time In Hollywood.” She said her father was stereotyped in fight scene with Brad Pitt. Tarantino acknowledge her right to criticize, but essentially told the other ‘woke’ critics to take a hike. This was the right thing to do, otherwise the criticism does not end and creativity is destroyed. 

I like Tarantino’s over-the-top revenge movies, but I disagree with the leftist director politically. Still, it’s good to see someone in Hollywood willing to stand up to the woke mob. Bill Maher is another who is pushing back against the humorless hectors who want to shut down comedy and creative freedom throughout America’s entertainment industry. The worst thing is what John Cena did. He delivered a disgusting, groveling, and sniveling apology to the communist Chinese simply because he called Taiwan a country. It is. 

The Chinese Communist Party has become instrumental in funding Hollywood studios and theaters. In exchange they demand editing rights over scripts. Naturally, they remove anything that does not portray the communist Chinese in the best possible light. They will not allow positive comments about the Taiwanese or Tibetans. Both Chinese and American audiences are subjected to Chinese propaganda in movies.

In 2012, the ChiComs successfully influenced a remake of the movie, ‘Red Dawn.’ The Chinese were the invaders in the second movie and the communists can’t stand to be shown as the bad guys. Hollywood didn’t want to lose the large and valuable Chinese audience, so the antagonist was changed to North Korea. The ChiComs still blocked the movie in their country anyway.

It’s not even ironic that China IS the country most likely to stage a ‘Red Dawn’ invasion in America. In fact, it’s already happening. China promotes division in the USA while stealing our military and corporate secrets. They helped the Democrats steal the election for Biden. Their spies are everywhere—in our military, security agencies, Congress, and especially in our colleges. The Chinese are using political correctness and ’woke-ism’ to destroy what’s left of American culture. They especially want to do away with our Second Amendment.

The Chicoms want the USA to self-destruct. This will allow them to invade and take over more easily. China Joe is closely following that script

.—Ben Garrison

Chinese Direct Foreign Investment Declines Sharply


Armstrong Economics Blog/China Re-Posted Jun 18, 2021 by Martin Armstrong

Chinese investment overseas actually scored a 13-year low in 2020 thanks to COVID and the rising tensions of economic uncertainty as the West tries to pressure China to join the Great Reset. Even the pandemic-related travel restrictions curtailed put a huge barrier to foreign investment for China. Most critical has been the fact that Chinese foreign direct investment into Europe came in as a 10-year low in 2020 for the 4th consecutive year-on-year decline.

Our models are projecting a further 3-year decline into 2023 before any temporary low can even form. Moreover, it also appears that there may be the liquidation of Chinese direct investment into Europe going into 2023.

Reported Chinese Defector With Information About Wuhan Lab Possibly Related to Sun Lijun, Former Chinese Deputy Minister of Public Security


Posted originally on the conservative tree house on June 4, 2021 | Sundance | 138 Comments

Red State is reporting on a defector to the Defense Intelligence Agency (DIA) who is presumably giving the U.S. government information related to the leak from Wuhan BioLab.

RED STATE – […] “Sources tell RedState the defector has been with the DIA for three months and that he has provided an extensive, technically detailed debrief to US officials. In DIA’s assessment, the information provided by the defector is legitimate. Sources say the level of confidence in the defector’s information is what has led to a sudden crisis of confidence in Dr. Anthony Fauci, adding that U.S. Army Medical Research Institute of Infectious Diseases (USAMRIID) personnel detailed to DIA have corroborated very technical details of information provided by the defector. (read more)

Interestingly, one of the incredibly astute Twitter researchers who focuses on China, “aka Ben“, previously reported on the family of Sun Lijun who defected to Australia in February of last year.  Sun Lijun was the former Chinese Deputy Minister of Public Security who was sent to Wuhan to manage (aka cover-up) the SARS-CoV-2 breakout.  His wife and children fled China during the height of the pandemic spread.

As Ben noted: after Sun Lijun’s family defected to Australia in February 2020, Sun Lijun was arrested by the Chinese Communist Party in April 2020 under the auspices of corruption charges; a familiar way of dealing with those who defy the communist regime.  If the defector identified within the Red State reporting is accurate, the description would align with someone very close to Lijun (likely), if not Lijun himself (less likely).

Ben is always well researched and accurate. We’ll keep watching…

Tiananmen 32 Years Ago Today


Posted originally on the conservative tree house on June 4, 2021 | Sundance | 259 Comments

It was 32 years ago tonight when the Chinese government sent the Mongolian Army into Tiananmen Square to crackdown on the mostly student protestors.

It is against the law in China to recognize today, memorialize the dead, or even speak publicly of this bloody anniversary. Few people know the short and long-term political ramifications to this event which extended far beyond the borders of China.

Many people are familiar with this image:

However, not as many people are as familiar with the wide shot.

That’s some serious courage right there.

The June 4th 1989 anniversary holds a great deal of personal significance for those who witnessed the events.

Few people even know how most of the regular Chinese military refused orders to open fire on the protesting crowd. Hundreds of young Chinese military soldiers actually formed lines around the mostly student activists in an effort to protect them. The Chinese government eventually bypassed the regulars and instructed the Mongolian military divisions who carried out the orders.

No-one really knows how many were killed, and even the families of the fallen were too scared to speak publicly.

Those who were lost live-on in whispered memories of lore.

So many.

So young.

We remember.

…Then the tanks came….

Cold War II—Just How Dangerous Is China?


interview with H. R. McMasterMatt PottingerTuesday, April 13, 2021https://www.podbean.com/media/player/gpny2-100a042?from=yiiadmin&skin=1&btn-skin=102&share=1&fonts=Helvetica&auto=0&download=0&rtl=0

China is a nation with 1.3 billion people, an economy projected to become bigger than the United States’ in just a few years, and a rapidly growing military.  Hong Kong has already fallen under its authority. Meanwhile, Taiwan looms in the distance—with a population of almost 24 million, it’s a technology hub and the world’s leading manufacturer of microchips and other items essential to high tech. What are China’s ambitions toward Taiwan? And if they are ominous, what should the US response to Chinese aggression be? To answer these questions, we’re joined by two experts: former national security advisor (and current Hoover Institution senior fellow) H. R. McMaster and former US deputy national security advisor (and current Hoover distinguished visiting fellow) Matthew Pottinger. They also discuss the Biden administration’s recent diplomatic encounters with China, and which countries might be allies in a conflict with China—and which ones would not be. 

President Trump Highlights Potential for Chinese Involvement in SolarWinds Orion Cyber Intrusion


Posted originally on The Conservative tree house on December 19, 2020 by Sundance

Why would any foreign actor go through all the trouble to rob a bank and yet take nothing?…

This is the metaphor for U.S. officials noticing the backdoor to our national cyber-network was found wide open, and yet not a single organization attached to the SolarWind’s Orion network points to any negative impact other than the existence itself of the originating malware. It just doesn’t add up.

Keep in mind… this “malware” has been in place since May and only recently identified.

DNI John Ratcliffe announced there was “foreign interference” in the election, and while citing Russia, China and Iran the DNI said the report on election security would be delayed. Secretary of State Mike Pompeo points to Russia as the source of the SolarWinds’ intrusion; but there is no specific evidence outlined. Today, following a briefing on the issues President Trump noted it could be Russia, but it could also be China.

There seems to be a coordinated effort to blame Russia by government officials and a host of media groups.  Russia is a favored scapegoat, and given how the media falsely blamed Russia for 2016 election interference/collusion, corporate media carry a self-interest in perpetrating that narrative.

Any suggestion it was *not* Russia is then used to weaponize a Russia-apologist narrative. However, considering most of our institutions have a financial relationship with China, the self-serving hypocrisy of China-apologists carries a particularly deafening tone.

Accepting that no-one really knows, yet, who originated this intrusion, here is a Big Picture notation from the Rebel Alliance:

Due to the widespread use of SolarWinds and the length of time the SolarWinds vulnerability was possibly exploited, this attack could be the full-on equivalent of Pearl Harbor, except in a global scale.

In defending networks, very good cyber defense teams (eg, as with large financial firms and some portions of the US gov), have a good chance of success, primarily through use of extensive measures aimed at prevention and/or early detection.

But, when an attacker gets inside a network for an extended period of time, they typically focus first on becoming “rooted” (ie, they implement numerous alternate backdoors and cleverly hide malware throughout the network such that attacker access may be restored even after detection and cleanup).

Once rooted, an attacker is often extremely difficult to fully remove from the victim’s network, even if the victim completely replaces all hardware and rebuilds his entire network from scratch.

Most less capable victims, and there were potentially hundreds or thousand of direct and indirect victims in this attack, do not even have the capability to rebuild their networks and, hence, have little hope of ever completely eliminating the attacker.

Attackers are not solely interested in removing information in bulk. When large amounts of information are unexpectedly seen leaving a network, this often flags an attack in progress. So, slower and more careful movement through the network is typically seen by highly skilled attackers.

Attacker motivations are highly varied. In government networks, the attacker may wish to spy to learn about foreign agents, for example.

In a commercial network, there are many opportunities for financial gain (eg, knowledge of pending business deals). Some attackers may also wish to implement a longer term ability to physically or logically destroy the victim’s network.

Restoring a destroyed network in a large enterprise is amazingly complex. Many organizations, even those having backup data, could not do it. Even if skilled enough to rebuild, the lost time can potentially destroy the enterprise. If hundreds of firms were destroyed simultaneously, the economic impact could be crippling.

America must now confront the reality that most of its corporate network infrastructure could be entirely at the mercy of a foreign power AND that this situation is unlikely to be reversed anytime soon. This is a blow potentially as powerfully impactful as Covid-19.

I am NOT convinced this attack was perpetrated by Russia, as is being preliminarily alleged, due to the difficulty of reliable attribution. Hardly any evidence has been provided and attribution is notoriously difficult.

The evidence should be collected, the extent of the attack [in terms of the actual versus potential] use of the SolarWinds backdoor to invade Gov networks and US corporations should be determined. It must also be assessed whether the SolarWinds attack facilitated interference in the election.

Critically, it must be determined whether “nuclear worms”, capable of physical or logical network destruction, were implanted anywhere and which are now silently waiting for a signal to activate.

(Personally, if I were an IT manager, I’d be VERY worried for the safety of my Active Directory right now, since sabotage of AD is relatively easy and recovery can be extremely difficult and sometimes impossible, depending on the implementation.)

If this attack is limited to just gov networks and does not include major corporations, the election, or nuclear worms, the gov networks should be cleaned up and an appropriate response delivered to the attacker via our Cyber Defense force.

If the attack included the gov networks and election, interference, the same gov network cleanup is needed. However, the response must be more severe, and I would think should include some level of physical destruction.

If, however, the attack spread additionally to most of the Fortune 500 networks and/or includes nuclear worms, a massive gov initiative to facilitate a cleanup of corporate systems is needed.

After the initial triage, activation of plans for a kinetic response to such an attack must be considered. Eg, if the attack was attributed to China, we must respond forcefully and the response must fully respond to Chinese perceptions of US psychology. So, if China perceives the US a paper tiger, the appropriate response my be to take control of the Three Gorges Dam and open its valves.

In my view, this attack *requires* a FORCEFUL response, not necessarily limited to a cyber delivered response. The attacker must pay a high price based upon scope and severity. To do nothing projects unacceptable weakness. And the thought that US corporate infrastructure might be taken out at will, possibly through nuclear worms, possibly through more direct individualized attacks, is just unacceptable.

Regardless of the response, this attack should be taken as a wakeup call to the country. The risk of a destructive attack could be far higher than previously acknowledged.

I hope this summary is helpful to you in helping others understand the significance of this.

Gordon Chang Provides Some Background on July 2020 U.S. Order to Close Houston Chinese Consulate


Posted originally on The Conservative Tree House on December 19, 2020 by Sundance

On July 21st of this year the United States told China they must close their consulate in Houston, Texas, giving them 72 hours to cease operations and events.

Three days later U.S. federal agents and officials entered the consulate alleging the Chinese government was engaging in espionage targeting U.S. interests.

The activities of consulate officials in Houston “are a microcosm, we believe, of a broader network of individuals in more than 25 cities that network is supported through the consulates here,” a US Justice Department official said Friday. “Consulates have been giving individuals in that network guidance on how to evade [and] obstruct our investigation. And you can infer from that the ability to task that [a] network of associates nationwide.”

In an interesting interview a few days ago, Gordon Chang, expanded on the operation that was taking place from within that consulate. (H/T Cari Kelemen)  WATCH (prompted):

What Chang outlines is in alignment with what Trump officials have cited as ongoing malign activity by the Chinese Communist Party (CCP), and speaks to a larger intent by Beijing to influence the 2020 election.

If we overlay what we have witnessed and discussed for the past several years as the Trump administration has tackled the China issues head-on, we can see how our nation has approached an inflection point toward Beijing.

Indeed the larger global community is now aware of a vast network of CCP officials that have infiltrated all systems, processes and institutions of western interests.  The panda mask of China has dropped and now we see the true extent of the dragon tentacles.

Recent reporting on the scale of this influence was ignored by U.S. media, in part due to their financial alignment.  Additionally, the aspects of Hunter and Joe Biden engaging for personal affluence with the Chinese government stands as a remarkable example of the cunning nature of Beijing’s strategy.

Senator Dianne Feinstein with a CCP spy in her office for almost three decades.  House Intelligence Committee member Eric Swalwell having a long-term relationship with another Chinese spy amid recent headlines.  Various academic institutions compromised by Chinese operatives and the theft of intellectual property.  The scale of what China was executing is still unknown as more comes forth each day.

Into this mix we now have a more substantive understanding over how China was influencing U.S. politics; and, as we see in the Houston consulate example, how Beijing was fomenting strife in advance of the November 2020 election as part of a larger plan to install and support U.S. politicians aligned with their interests.

America-First is antithetical to the long-term goals and objectives of the communist Chinese regime.  This was always evident in the way Beijing responded to the trade and economic policies of President Donald Trump.

Ultimately the global battle between the Red Dragon (CCP, Beijing) and President Trump is at the root of the concerted effort to remove/defeat him from office.  CTH has discussed this confrontation at length since the first shots were fired.

U.S. President Trump, representing economic nationalism, stood against China and was winning in the economic war despite the interference from Wall Street and U.S. media.