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2023 Moody's Downgrades China's Credit Rating / Who is the Next China?

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China's Economic Situation at the End of 2023: There have been many reports about the concerning state of China's economy. I'm curious as to why China's economy is gradually worsening and becoming more serious. Although I live in China, I don't personally feel the signs of an economic downturn that strongly affects me. Let's briefly examine the current risks in China and the countries that may continue the role of the world's factory after China. Moody's Downgrades China's Credit Rating As tensions between the United States and China escalate and the world grapples with the COVID-19 pandemic, China's economy has started to decline rapidly. China has been fostering labor-intensive industries such as textiles and electronics since the 1980s. However, it is now being evaluated that China's manufacturing heyday has come to an end due to the global economic downturn and the US-China trade war. After COVID-19, China's domestic growth has slowed...

Chinese electric vehicles: Can BYD/ 比亚迪 grow steadily? Securing technological competitiveness and price competitive advantage

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 When you think of electric cars, the Tesla brand comes to mind. It remains the most famous and best-selling electric vehicle. Tesla is a very popular electric car in China, but recently, BYD brand electric cars are seen more often on the road than Tesla. Let's learn about BYD, a Chinese electric vehicle that is growing rapidly in the electric vehicle market along with Tesla. China Electric Vehicle Competitiveness The most famous electric car in the world is Tesla. But not as much as in China. Among local electric vehicle companies in China, BYD is dominating the market share in China, surpassing Tesla. At the same time, BYD is showing explosive growth overseas. According to the European Electric Car Report, 'Currently, the fastest-growing electric car brand is China's BYD, and from January to July 2023, the number of BYD's electric vehicles registered in Europe increased by 130% compared to the previous year.'  Most lithium refining required for electric vehicle ba...

Bathing Cats: How Often and When Is It Necessary?

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Bathing cats is a subject that often perplexes cat owners, especially when they bring a stray cat into their homes. Cats are known for their aversion to water, and it's true that water can be detrimental to their skin and fur. So, how often should you bathe a cat, if at all? Let's explore this topic. How Often Do Cats Need Baths? NO: Cats typically do not need frequent baths. In fact, giving them too many baths can be harmful to their skin and fur. Cats are adept at grooming themselves to maintain their cleanliness. 2-3 Times a Year: The frequency of cat baths can vary depending on the cat's breed and grooming habits. As a general guideline, it's recommended to bathe your cat 2-3 times a year. After 2 Months of Age: It's important to start bathing kittens after they are at least 2 months old. Before that age, their skin is sensitive, and bathing can lead to dryness and fur loss. When you do bathe them, be sure to use a cat-specific shampoo, as their skin differs sig...

Things to Be Cautious About: Cats are quite sensitive creatures compared to their human companions

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There are times when unintentional actions can startle them, and cats can feel uncomfortable with the actions of their human caregivers. So today, let's explore behaviors that cats dislike. Behaviors That Cats Dislike Loud Noises: It can be noisy Cats have sensitive hearing compared to their human caregivers. Sudden loud noises can startle cats and induce stress. Therefore, when calling your cat, it's better to use a relatively gentle and affectionate tone. Especially, hugging your cat with excitement after returning from work and making loud noises can surprise your cat. Sudden Movements: Actions perceived as threatening Cats have extremely fast reflexes. This makes them quick to react to movements in their surroundings, and they are sensitive to such movements. Therefore, sudden gestures or footsteps by their human caregivers can make cats uneasy. Pulling or Tugging for Extended Periods Cats often enjoy hiding or being in concealed spots. Occasionally, there may be situations...

China's Economic Crossroads: Is the Dragon Losing Its Vigor?

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China's Economic Crossroads: Is the Dragon Losing Its Vigor? Introduction: Many experts are sounding the alarm, suggesting that China's economic powerhouse may have passed its zenith and is now entering an era of uncertainty. As the world closely monitors China's potential for recovery, it's essential to delve into the reasons behind the challenges facing the Chinese economy. China's Economic Red in 2023: In July 2023, China faced a triple whammy of economic setbacks—a deflationary trend with a -0.3% inflation rate, a sharp plummet in export growth from a promising trajectory to -14%, and a significant 28% drop in real estate prices. These events have raised doubts among many about whether China's economic engine is truly sputtering. Underlying Causes of China's Economic Slowdown: Declining Population: China's population began shrinking in 2022, ceding its position as the world's most populous nation to India. With the fertility rate plummeting to 1....

"Simplifying the Experience for Foreigners: Online Accommodation Registration in Guangzhou, China"

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there's one aspect that has been a bit cumbersome for her: the requirement to register temporary residence when traveling to other cities within China. In general, when a foreigner stays at hotels in different cities, the hotel staff often takes care of the temporary residence registration process, making it seamless for foreigners. However, when a foreigner opts to stay at a friend's house during travels, we find myself obligated to register with the local police station within 24 hours. Failure to complete this registration in time can lead to fines ranging from 1,000 yuan to 5,000 yuan, which could potentially impact her visa processing. The Good News: To make life easier for foreigners like Nastya, Guangzhou, a bustling city in China, has introduced a game-changing solution: online accommodation registration. This innovation is set to streamline the process, offering a hassle-free experience for travelers. Benefits of Online Accommodation Registration: Convenience: Foreigne...

AI CHINA : 42 cities are shortlisted in the top 500 global AI innovation cities

AI CHINA: 42 cities are shortlisted in the top 500 global AI innovation cities Recently, the big data platform AMiner and Wisdom Spectrum Research released an analysis report on the top 500 global artificial intelligence innovative cities based on the ranking of the world's most innovative cities in artificial intelligence in 2023. This ranking shows that among the top 500 global artificial intelligence innovation cities, 42 cities in China are shortlisted, ranking second in the world in terms of number. Among the top 100, there are 19 Chinese cities, namely: Beijing, Shanghai, Hong Kong, Hangzhou, Shenzhen, Nanjing, Xi'an, Guangzhou, Taipei, Wuhan, Hefei, Shenyang, Chengdu, Tianjin, Harbin, Changsha, Hsinchu, Dalian and Jinan. As China's first-tier cities, Beijing and Shanghai's artificial intelligence innovation index rank among the top ten in the world, and Beijing's artificial intelligence innovation index ranks second in the world. This means that China's a...