All You Need to Know About China’s Economic Slowdown

bloomberg.com

Shipping containers in China’s Jiangsu Province. The economic slowdown in recent months is sounding alarm bells across the world.
Shipping containers in China’s Jiangsu Province. The economic slowdown in recent months is sounding alarm bells across the world.Bloomberg

Today, I’ll tell you all you need to know about the slowdown in the world’s second-biggest economy.

If I had to use one word to describe the current situation, it would be fragile. The economic data we’ve gotten over the past few months have largely painted a gloomy picture. Chinese households are spending less than expected and saving more instead. Businesses are borrowing and investing at a reduced pace. And while the overall jobs situation has been stable, unemployment among the country’s youth has jumped so much that Beijing decided to stop releasing the data.

As downbeat as all that is, it is important to note the economy is not crashing. Economists are still expecting Chinese gross domestic product to grow 5.1% this year, 4.5% next year and 4.6% in 2025. By comparison, the US is forecast to grow 2% this year, 0.9% next year and 1.9% in 2025.

China’s Slowing Growth Trend

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Beliefs guide people to lead good lives

vietnamnews.vn August 03, 2023 – 07:34

Việt Nam, with a population of nearly 100 million, embraces a diverse culture with 54 ethnic groups, who have various beliefs and religions.

Việt Nam, with a population of nearly 100 million, embraces a diverse culture with 54 ethnic groups, who have various beliefs and religions.

A book published by the Institute for Religious Studies (IRS) defines that there are 16 religions recognised in the country including Buddhism, Catholics, Protestantism, Muslim, Cao Đài, and Hoà Hảo Buddhism.

Primary belief

But despite not following any specific religion, most of Vietnamese people instead honour and respect their ancestors and worship those family members who have passed.

In every home, you’ll find at least one altar dedicated to their ancestors despite the religion that the house owners follow.

“There is no official statistics, but I can say over 90 per cent of Vietnamese population worship their ancestors, which has existed for a long time,” Chu Văn Tuấn Director of the IRS told Việt Nam News. “This has always been the most popular religion here.”

Worshipping ancestors is the most popular belief in the country. VNS Photo Minh Phương

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Vietnam with tireless efforts to ensure right to freedom of religion for all people

vietnamplus.vn

The Party and State of Vietnam always affirm that belief and religion are the spiritual needs of the people, which have been and will be coexisting with the nation, and followers of all religions are part of the great national unity bloc.

Vietnam with tireless efforts to ensure right to freedom of religion for all people hinh anh 1

Peace prayer at the annual Kate festival of the Cham ethnic minority people at Po Sah Inu Cham Tower relic site in Binh Thuan province (Photo: VNA)

Hanoi (VNA) – The Party and State of Vietnam always affirm that belief and religion are the spiritual needs of the people, which have been and will be coexisting with the nation, and followers of all religions are part of the great national unity bloc.

On April 4, the Cham Brahman people in the south central province of Binh Thuan celebrated one year since the Kate festival was included in the list of National Intangible Cultural Heritages under Decision No. 776/ QD-BVHTTDL, dated April 4, 2022, of the Ministry of Culture, Sports and Tourism.

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‘I almost lost my will to live’: preference for sons is leaving young women in China exploited and abused


Hình ảnh chán đời

Published: September 1, 2023 1.52pm BST The Conversation

Author: Chih-Ling Liu Senior Lecturer in Marketing, Lancaster University

Disclosure statement: Chih-Ling Liu does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Partners:

Lancaster University provides funding as a founding partner of The Conversation UK.

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China has a gender crisis. The country has a huge surplus of men – around 722 million compared to 690 million women in 2022. This is largely because of sex-selective abortions linked to China’s one-child policy, which ended in 2015.

Though popular belief is that the policy was strictly enforced, many Chinese couples managed to have more than one child by paying fines, accepting benefit deprivations, or proclaiming their membership of a minority ethnic group. Often, they chose to do so because their first child was a girl. The one-child policy lasted three and a half decades, replaced by the two-child policy in 2016 and the three-child policy in 2021. But even today, the belief that boys have more value than girls persists.

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Bình Thuận: Khu rừng hơn 600 ha sắp bị phá làm hồ thủy lợi

vnexpress.vn

Tỉnh Bình Thuận chuẩn bị phá khu rừng tự nhiên hơn 600 ha ở xã Mỹ Thạnh (huyện Hàm Thuận Nam) để làm hồ chứa nước phát triển kinh tế.

Dự án hồ chứa nước Ka Pét dung tích hơn 51 triệu m3 đã được Quốc hội thông qua chủ trương đầu tư tổng vốn 874 tỷ đồng. Dự án lấy mặt bằng từ việc phá khu rừng tự nhiên rộng hơn 619 ha ở xã Mỹ Thạnh, huyện Hàm Thuận Nam.

Hồ sẽ được xây tại khu rừng sau khu dân cư hiện hữu của xã Mỹ Thạnh, cách chừng 2 km, kéo dài lên hướng núi rừng huyện Tánh Linh.

Khu rừng sắp bị cưa hạ tồn tại từ lâu đời, gắn liền không gian sống của người dân tộc Rai (Raglai) hàng trăm năm qua.

Hiện khu rừng được hai chủ rừng (Khu bảo tồn thiên nhiên Núi Ông và Ban quản lý rừng phòng hộ Sông Móng – Ka Pét) quản lý, có sự chung tay bảo vệ của cộng đồng địa phương thông qua chính sách nhận khoán.

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How Ukraine Will Win


(((Tendar)))
@Tendar

Much has been said regarding the Russian defense network, and when you check them then there is no doubt that Russians have put a vast amount of effort to create them. At this point I can wholeheartedly recommend the maps which

@bradyafr

has created to document them. But what many forget is that those are purely tactical elements which – detached from a overarching strategy – offer little.

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A controversial article praises colonialism. But colonialism’s real legacy was ugly.

washingtonpost.com September 19, 2017 at 6:00 a.m. EDT

Women and children prepare to flee with their belongings near the Central African Republic town of Grimari on May 7, 2014. (Siegfried Modola/Reuters)

How many of today’s problems in the Global South are a direct legacy of colonialism? A recent journal article by Bruce Gilley,  “The Case for Colonialism,” kicked up great controversy by arguing that the “orthodoxy” that Western colonialism was universally harmful to colonized peoples and countries is overstated. Colonialism, Gilley writes, was “both objectively beneficial and subjectively legitimate” in many places.

Gilley, a political scientist at Portland State University, studies Chinese politics and recently made waves for resigning his membership in the American Political Science Association over its alleged lack of political diversity. His article in Third World Quarterlyhowever, ignores many existing studies that answer these questions with better data and more rigorous analysis, and which come to a resounding conclusion of “no.”

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What Is Colonialism and How Did It Arise?

CFR.org Last Updated February 14, 2023

Explore how colonialism enriched empires and fundamentally reshaped countries such as India.

A Hindu servant serves tea to a European colonial woman in this undated photograph.

A Hindu servant serves tea to a European colonial woman in this undated photograph. Source: George Rinhart/Corbis via Getty ImagesSHARE

In the late seventeenth century, the Mughal Empire controlled almost all of the Indian subcontinent.

European visitors marveled at the empire’s wealth and grandeur. Antonio Monserrate, a Portuguese Jesuit missionary, called its cities “second to none either in Asia or in Europe with regards either to size, population, or wealth.”

For centuries, merchants around the world had traveled to India, eager to trade for coveted silk, spices, and textiles. And in 1700, India’s economy was larger than all of Western Europe’s put together, making up nearly 25 percent of the global economy. By 1973, however, that number had dropped to just 3 percent. 

How did this happen?

The full story is long, winding, complex, and contentious. It involves centuries of war, technological innovation, and global trade that sent some economies soaring and brought others crashing down. But central to this story for India—and for so many countries around the world—is the history of colonialism, the practice of controlling another country or area and exploiting its people and resources.

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Nobel Foundation withdraws invitation to Russia, Belarus and Iran to attend ceremonies

APnews.com

FILE - The Nobel laureates and the royal family of Sweden during the Nobel Prize award ceremony at the Concert Hall in Stockholm, Saturday Dec. 10 2022. The Nobel Foundation has withdrawn its invitation for representatives of Russia, Belarus and Iran to attend this year’s Nobel Prize award ceremonies after the decision to invite them “provoked strong reactions.” Saturday's U-turn came after several Swedish lawmakers said they would boycott this year’s Nobel Prize award ceremonies. (Pontus Lundahl/TT via AP, File)

FILE – The Nobel laureates and the royal family of Sweden during the Nobel Prize award ceremony at the Concert Hall in Stockholm, Saturday Dec. 10 2022. The Nobel Foundation has withdrawn its invitation for representatives of Russia, Belarus and Iran to attend this year’s Nobel Prize award ceremonies after the decision to invite them “provoked strong reactions.” Saturday’s U-turn came after several Swedish lawmakers said they would boycott this year’s Nobel Prize award ceremonies. (Pontus Lundahl/TT via AP, File)

Updated 4:44 AM GMT+7, September 3, 2023Share

STOCKHOLM (AP) — The Nobel Foundation on Saturday withdrew its invitation for representatives of Russia, Belarus and Iran to attend this year’s Nobel Prize award ceremonies after the decision announced a day earlier “provoked strong reactions.”

Several Swedish lawmakers said Friday they would boycott this year’s Nobel Prize award ceremonies in the Swedish capital, Stockholm, after the private foundation that administers the prestigious awards changed its position from a year earlier and invited representatives of the three countries to attend, saying it “promotes opportunities to convey the important messages of the Nobel Prize to everyone.”

Some of the lawmakers cited Russia’s war on Ukraine and the crackdown on human rights in Iran as reasons for their boycott. Belarusian opposition figure Sviatlana Tsikhanouskaya on Friday called on the Swedish Nobel Foundation and the Norwegian Nobel Committee not to invite representatives of Belarusian President Alexander Lukashenko’s “illegitimate regime to any events.”

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Vietnam issues ISO standards to realise net zero commitments

The Directorate for Standards, Metrology and Quality under the Ministry of Science and Technology has issued International Standardisation Organisation (ISO) standards regarding climate change adaption as a practical action to realise Vietnam’s net zero commitments.

VNA Wednesday, August 23, 2023 09:06  https://link.gov.vn/cxKMN5Hf

Hanoi (VNA) – The Directorate for Standards, Metrology and Quality under the Ministry of Science and Technology has issued International Standardisation Organisation (ISO) standards regarding climate change adaption as a practical action to realise Vietnam’s net zero commitments.

The standards named TCVN ISO 14090:2020 contain principles, requirements and guidelines to instruct organisations and sectors to adapt to climate change. They can be applied to every organisation of all sizes, local, regional, international, and at all types of business, corporation, sector, and natural resource manager.

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Inside the US-China battle for silicon chip supremacy

Al Jazeera English – 24-8-2023

From computers to toasters, smartphones to refrigerators, semiconductors are essential in our daily lives.

Advanced chips power military hardware, artificial intelligence and supercomputers.

But a persistent shortage is reshaping geopolitical relations, fuelling inflation and increasing tensions between the United States and China.

While demand for cutting-edge chips grows, only a few countries have the specialised knowledge and ability to produce them.

Taiwan produces 90 percent of the world’s most advanced chips, making its stability critical to global economic and geopolitical security.

101 East investigates the battle to control the world’s semiconductor industry.

1,000 years of history sandwiched between Red River and Mekong delta on the Reunification Express through Vietnam

scmp.com Published: 1:15pm, 3 Sep, 2023

A journey from Hanoi, the Vietnamese capital, via former capitals Ninh Binh and Hue, to Ho Chi Minh City, its investment capital, reveals much about the country

It’s difficult not to think about trains while in downtown Hanoi, especially at mealtimes.

Long metal caravans shunting through town in plain view of the near-ubiquitous streetside eateries contribute a periodic clappity-clap rhythm to the city’s clamorous soundtrack.

Tracks girdle the historical heart of the Vietnamese capital like the head of a question mark and in doing so, connect two of Hanoi’s most popular sites: the Long Bien Bridge, a colonial structure spanning the Red River that was bombed so many times during the Vietnam war it became a symbol of national resistance, and Ngo 224 Le Duan (better known as Train Street), an alleyway along which trains pass perilously close to houses and makeshift cafes.

However, my travel inspiration comes not from the recurrent glimpses of locomotives, but from an old propaganda poster hanging in a tourist shop opposite the Cathedrale Saint-Joseph de Hanoi.

A train nuzzles its way down “Train Street”, a modern-day tourist attraction in Hanoi, Vietnam. Photo: Thomas Bird
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Theravada Buddhism intheSpiritual Life ofKhmer People intheSouthern of Vietnam: Position, Role and Values

psychologyandeducation.net

Nguyen Huu Tho, Kien Giang University

Buddhist philosophy has long permeated the Khmer ethnic community. In this community, the relationship between ethnicity (Khmer people) and religion (Theravada Buddhism) is closely linked together. The Southern Khmer temple is a cultural center of this ethnic group. This place is associated with cultural activities and folk rituals, and at the same time is a traditional school that teaches the knowledge, human ethics, and handicraft. The pagoda is like a museum about Buddhism and the art of “Phum” and “Soc”, a place for Khmer people to rely on their souls when they live and send their ashes when they die. This study refers to the position and role of Theravada Buddhism for Khmer people. From there, state the current situation and make recommendations to the Vietnam Buddhist Sangha and state management agencies, in order to contribute to preserving and promoting the values ​​of Khmer Theravada Buddhism and strengthening the great national unity bloc.

Article Details Vol. 58 No. 5 (2021): Vol. 58 No. 5 (2021)

With wary eye on China, U.S. moves closer to former foe Vietnam

The two countries are boosting economic and tech ties as Beijing increases its assertiveness in the region

By Ellen Nakashima and Rebecca Tan, Washington Post

September 1, 2023 at 11:34 a.m. EDT

The United States and Vietnam are poised to significantly enhance their economic and technological ties, bringing the former foes closer at a time of increased Chinese assertiveness in the region.

The deal, expected to be announced when President Biden makes a state visit to Vietnam next weekend, is the latest step by the Biden administration to deepen relations in Asia. For Hanoi, the closer relationship with Washington serves as a counterweight to Beijing’s influence.

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