The seventh hearing of the u. S. China economic and secure review commissions 2023 annual report cycle. I want to first thank staff, many of whom worked on several other hearings. And so, i appreciate the heroic effort that was involved in getting this hearing set up. So, thank you, jonathan and daniel, in particular, charles, i dont see. Many of us that have watched china for years appreciate that the magnitude of the economic challenges china must address now are not new rather, they have been worsening for years and were amplified by covid and the poor policy choices made during that time. Notwithstanding the ccps push for chinese households and non state businesses to drive recovery. Household consumption has been cautious. Government lending practices continue to favor unproductive state owned enterprises, higher performing non state sector at the expense of higher performing non state sectors. In most cities, property prices have plunged and Business Confidence has eroded as defl
Bottom 90 , only 16 . Thats a great recipe for inequality for a country. And finally, us strikes. These strikes are not just about the auto workers. Uh, there are sectors like hospitality, dining and healthcare that are also experiencing a strikes, which puts into in question the health of the us economy. The us is facing multiple strikes and industrial actions, its a backdrop of an uncertain economic time. Thousands of workers have gone a strike in different industies in recent months to demand higher pay and of improved benefits and working conditions, the autoworkers are taking aim at ceos at ford, General Motors and stalant. For received the 40 wage increase. Workers also believe they have more Bargaining Power due to a tight labor market. When it comes to the hollywood strike, the tentative deal was reached with studio bosses to end a strike that lasted nearly five months. Riders began the strike on may 2nd asking for increased royalties, mandatory staffing of tv riding rooms and
Are palestinians uh are american citizens, there are palestinians who are canadian citizens, there are palesti have european citizenship as well, they are being bombed, even though their governments eigedly claimed that they had made arrangements with the zionist to allow the rafa crossing to be open so that these people can go, you see this is what is actually exposing the zionist criminality and barbarism. But thank thank god that we have the social media that people around the world have seen through this this deliberate disinformation and fraud and that that is being perpetrated about portraying the zionists as being the victims, as we see from the hundreds of thousands of rallies all over the world, including in european countries, in north america, the masses are solidly with the palestinian people, thats a hopeful side, and these regimes have been exposed as being accomplishes. In the war crimes of the zionist regime. Yes, perhaps theyll all fall like domino. Thank you so much f
The seventh hearing of the u. S. China economic and secure review commissions 2023 annual report cycle. I want to first thank staff, many of whom worked on several other hearings. And so, i appreciate the heroic effort that was involved in getting this hearing set up. So, thank you, jonathan and daniel, in particular, charles, i dont see. Many of us that have watched china for years appreciate that the magnitude of the economic challenges china must address now are not new rather, they have been worsening for years and were amplified by covid and the poor policy choices made during that time. Notwithstanding the ccps push for chinese households and non state businesses to drive recovery. Household consumption has been cautious. Government lending practices continue to favor unproductive state owned enterprises, higher performing non state sector at the expense of higher performing non state sectors. In most cities, property prices have plunged and Business Confidence has eroded as defl
145 , the bottom 90 , only 16 . Thats a great recipe for inequality for a country. And finally, us strikes, these strikes are not just about the auto workers, there are sectors like hospitality, dining and healthcare that are also experiencing a strikes, which puts into question the health of the us economy. The us is facing multiple strikes and industrial actions against the backdrop of an uncertain economic time thousands of workers have gone a strike in Different Industries in recent months to demand higher pay and improved benefits and working conditions. The autoworkers are taking aim at ceos at ford, General Motors and stalantis for. Received the 40 wage increase. Workers also believe they have more Bargaining Power due to tight labor market. When it comes to the hollywood strike, the tentative deal was reached with studio bosses to end the sprike that lasted nearly five months. Riders began the spike on may 2nd, asking for increased royalties, mandatory staffing of tv riding roo