Miscellaneous News

BoraTas

Major
Registered Member
This topic had been discussed by several people on several platforms. China's GDP PPP is so ridiculously understated. It is just incredible. @doggydogdo formerly shared on this forum that how the PPP adjustment ratio for PRC implied that PRC is more expensive than Singapore on average. This is starting to get the attention of economics researchers too. Clothing is supposedly more expensive in China than in the USA.

PPP adjustment.png
 

FriedButter

Brigadier
Registered Member
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35-year-old American moved to Chengdu and lives on $30,000 a year: ‘[It’s] poverty in America, but in China I’m living large’​

In her late 20s, Aleese Lightyear worked in reality TV production and lived in New York City, which she thought was her dream.

“At the height of my career in New York, I was probably making $100,000 a year [and] working eight months out of the year, which on paper sounds great, but New York City is one of the world’s most expensive cities, so that $100,000 went extremely fast,” Lightyear tells CNBC Make It.

“I was spending all of my money going out and buying clothes so that I could be trendy and feel like I was living in the ‘Sex and the City’ New York City dream.”

As her 30th birthday approached, Lightyear realized she was still working 70 to 80 hours a week, but didn’t have any retirement savings. And because she was a freelancer, she didn’t have benefits or health insurance.

“I should have been saving for those things. I was living check to check, which sucked. My last few years living and working in New York City were some of the most stressful years of my life,” she says.

“I came up with this idea that I wanted to leave New York because I was tired of working 70 hours a week for ten years. Being in my 20s, I felt like a 50-year-old woman.”

One day, Lightyear woke up and searched, “How do I make money and travel the world?” The first result was about teaching English. After speaking with a coworker who had taught in South Korea, Lightyear began researching what it would entail to teach overseas with no prior experience.

“I kind of put that on pause because I just wasn’t sure if that was right for me. It took me about two years to make the decision that I wanted to become a teacher,” she says. “Google told me I just needed a TEFL certificate to teach English to foreign language learners, so I enrolled.”

Lightyear completed a 13-week program to earn her Teaching English as a Foreign Language (TEFL) certification, initially setting her sights on South America. She quickly changed course, however, deciding that if she was going to leave her life in New York behind, she would go as far as possible.

“If I’m going to move all the way across the world, I better go to the furthest country that I know absolutely nothing about and have a full adventure, and China just seemed like pure adventure, fun, excitement, and great money,” Lightyear says.

“I’m someone who has traveled a lot but I’d never been to Asia before, so I didn’t really know what to expect and to be honest, my first few days were just a huge blur because there was so much culture shock.”

Lightyear, 31 at the time, made her official move to Beijing, China in 2019 — and she hasn’t looked back. She lived in the Chinese capital for four years before moving to Chengdu, where she is a teacher at a university. Lightyear works 18 hours a week, four days a week and has a yearly salary of about $30,000 USD.

″$30,000 a year is poverty in America but in China, I’m living large,” she says.

Her typical work week is entirely different than it was in New York. In China, she works Mondays, Tuesdays, Thursdays, and Fridays, offering two to three classes a day. Some of her benefits include free health insurance, a travel stipend, a rent stipend, a flight allowance and two months of paid summer and winter vacation.

Lightyear took a pay cut when she left her job in Beijing for one in Chengdu. But her life in Beijing had started to feel too similar to her time in NYC, so she has no regrets.

“I didn’t move all the way across the world to work as much as I did in New York,” she says.

“My current work-life balance is a dream. I’m able to have time to do so many different hobbies, to take the time to actually learn the language and to do whatever I want when I want, and that feels amazing. I just feel so lucky and happy to be able to have so much time to myself.”

In Chengdu, Lightyear lives in a pre-furnished three-bedroom, one-bathroom apartment with a balcony and laundry room. Because of the rent stipend she gets, Lightyear only has to pay $278 a month for her accommodations.

Lightyear supplements her income as a teacher with content creation and an active YouTube channel. Both of those things allow her to save up to $1,000 a month. It’s something she was never able to do living in the U.S.

Now that she’s been living in China for over five years, Lightyear says when she visits the U.S., she experiences reverse culture shock. She’s almost always having to explain to friends, family and strangers why her life now is so much better there than it was before.

“For the typical American, there is a lot of confusion and misinformation about what life is truly like in China, but I feel completely safe as a woman, as a woman of color, being independent, doing anything. I feel very at ease in this country,” she says.

Though she feels comfortable in China, Lightyear says that because the country is so homogeneous, as a person of color she “sticks out like a sore thumb,” and it does bother her at times.

“I probably cannot go an hour being outside without someone pointing at me and saying, in Chinese, ’there’s a black person, look, there’s a foreigner,” she says. “If I’m going to a touristy spot, the amount of people who take photos of me while I’m not looking or will ask me to take photos, then next thing I know, there’s a line of people who want to take photos with me.”

Despite those uncomfortable moments and the time it’s taken to adjust to Chinese culture, Lightyear says her self-confidence has skyrocketed.

“I still face a lot of challenges [and] there are so many things I still have no idea about, and in the very beginning, that was the hardest part,” she says. “You know the saying that if you can make it in New York, you can make it anywhere? Well, throw that away and apply it to China. If you can make it in China, you can truly make it anywhere. I feel fearless and like there’s nothing I can’t do.”
″$30,000 a year is poverty in America but in China, I’m living large,” she says.
“For the typical American, there is a lot of confusion and misinformation about what life is truly like in China, but I feel completely safe as a woman, as a woman of color, being independent, doing anything. I feel very at ease in this country,” she says.
“You know the saying that if you can make it in New York, you can make it anywhere? Well, throw that away and apply it to China. If you can make it in China, you can truly make it anywhere. I feel fearless and like there’s nothing I can’t do.”

Is this what happens when the USAID cheddar well goes dry?
 

plawolf

Lieutenant General
The Dalai Lama’s been saying for years that he would have a huge, important announcement on his 90th birthday. Turns out this announcement was just a nothingburger, restating his position again. He’s already released multiple documents stating that his advisors would select their candidate for the next Dalai Lama.

I’m quite optimistic about Tibet. Most likely the Dalai Lama's advisors will pick an ethnic Tibetan in Arunachal Pradesh. It may be Tawang. They won’t choose reincarnation into an adult because that would be ridiculous (just imagine the questions about what happened to the adult’s original soul).

Thus there will be two Dalai Lama candidates, a Chinese candidate and an Indian candidate. Initially there will be a huge Western media uproar supporting the Indian candidate and attacking China. However, this artificial controversy will lack any foundation. You can only write so many stories supporting an Indian baby before people lose interest, as the baby cannot do anything other than continuing to be a baby.

Westerners have already noted that there will be ~2 decades before the next Dalai Lama comes of age. During that time, China will continue successfully integrating Tibet.

I also expect the Chinese candidate to be much more legitimate. He will be enthroned in the Potala Palace, accompanied by the Panchen Lama - with all the ceremonies, traditions, clothing, and authentic artifacts of the Dalai Lama. Meanwhile the Indian candidate will be an Indian citizen who has never set foot in non-Indian Tibet. He may also have some Indian habits that appear strange to Tibetans.

India's reputation has also declined. Tibetans use the Internet like everybody else. Like other East Asians today, they may feel somewhat superior to India or believe that India is dirty. This may diminish the credibility of the Indian candidate.

The one factor which I fear, and which has been completely ignored, is the possibility of a defection. In fact, this has already happened once, with the Karmapa Lama. This is a very understated and dangerous possibility. However, I think this is unlikely. The Panchen Lama has not defected. Additionally, life and human rights in Tibet have substantially improved from say the ‘80s or ‘90s. Thus I believe that a Tibetan spiritual figure would find China credible and remain patriotic.

Guaido: I am the new Dalai Lama now!

IMG_1715.jpeg
 

nemo

Junior Member
The Dalai Lama’s been saying for years that he would have a huge, important announcement on his 90th birthday. Turns out this announcement was just a nothingburger, restating his position again. He’s already released multiple documents stating that his advisors would select their candidate for the next Dalai Lama.

I’m quite optimistic about Tibet. Most likely the Dalai Lama's advisors will pick an ethnic Tibetan in Arunachal Pradesh. It may be Tawang. They won’t choose reincarnation into an adult because that would be ridiculous (just imagine the questions about what happened to the adult’s original soul).

Thus there will be two Dalai Lama candidates, a Chinese candidate and an Indian candidate. Initially there will be a huge Western media uproar supporting the Indian candidate and attacking China. However, this artificial controversy will lack any foundation. You can only write so many stories supporting an Indian baby before people lose interest, as the baby cannot do anything other than continuing to be a baby.

Westerners have already noted that there will be ~2 decades before the next Dalai Lama comes of age. During that time, China will continue successfully integrating Tibet.

I also expect the Chinese candidate to be much more legitimate. He will be enthroned in the Potala Palace, accompanied by the Panchen Lama - with all the ceremonies, traditions, clothing, and authentic artifacts of the Dalai Lama. Meanwhile the Indian candidate will be an Indian citizen who has never set foot in non-Indian Tibet. He may also have some Indian habits that appear strange to Tibetans.

India's reputation has also declined. Tibetans use the Internet like everybody else. Like other East Asians today, they may feel somewhat superior to India or believe that India is dirty. This may diminish the credibility of the Indian candidate.

The one factor which I fear, and which has been completely ignored, is the possibility of a defection. In fact, this has already happened once, with the Karmapa Lama. This is a very understated and dangerous possibility. However, I think this is unlikely. The Panchen Lama has not defected. Additionally, life and human rights in Tibet have substantially improved from say the ‘80s or ‘90s. Thus I believe that a Tibetan spiritual figure would find China credible and remain patriotic.

If I were the Chinese government, then this is what I would do -- the CURRENT Dalai wasn't selected by the urn, so there is a possibility that he was NOT the correct candidate. Hence to get the correct Dalai,the selection shall be based on *LAST* Dalai, which was selected by the urn. This shall not be done until the death of current Dalai, because out of deference that he could be the correct one. It does no harm if it were based on the last Dalai, because theologically, they are the same. What works on the LAST Dalai should applied to the current Dalai. It is a merely a more stringent criteria to ensure the selected Dalai is the correct one. :cool:
 

FriedButter

Brigadier
Registered Member
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China tells EU it cannot afford Russian loss in Ukraine war, sources say​

Chinese Foreign Minister Wang Yi told the European Union’s top diplomat on Wednesday that Beijing cannot afford a Russian loss in Ukraine because it fears the United States would then shift its whole focus to Beijing, according to several people familiar with the exchange.

The comment, to the EU’s Kaja Kallas, would confirm what many in Brussels believe to be Beijing’s position but jar with China’s public utterances. The foreign minstry regularly says China is “not a party” to the war. Some EU officials involved were surprised by the frankness of Wang’s remarks.

Wang is said to have rejected, however, the accusation that China was materially supporting Russia’s war effort, financially or militarily, insisting that if it was doing so, the conflict would have ended long ago.

During a marathon four-hour debate on a wide range of geopolitical and commercial grievances, Wang was said to have given Kallas – the former Estonian prime minister who only late last year took up her role as the bloc’s de facto foreign affairs chief – several “history lessons and lectures”.

Some EU officials felt he was giving her a lesson in realpolitik, part of which focused on Beijing’s belief that Washington will soon turn its full attention eastward, two officials said.

One interpretation of Wang’s statement in Brussels is that while China did not ask for the war, its prolongation may suit Beijing’s strategic needs, so long as the US remains engaged in Ukraine.

US President Donald Trump has repeatedly threatened to abandon Kyiv and is seen in Europe, at times, to have taken a staunchly pro-Russian position on the conflict. On Monday, the Pentagon halted shipments of some air defence missiles and other precision munitions to Ukraine, Politico reported, over fears that the US’ stockpile was running low.

The three-year conflict remains one of the biggest sources of friction between China and the bloc, which has long criticised Beijing for supplying dual-use items to Russia. Beijing has denied the charge and positioned itself as a peacemaker that considers both Moscow and Kyiv to be partners.

Nonetheless, it has never criticised Russia’s invasion and has maintained close diplomatic and economic ties with Moscow, a constant frustration to the Europeans.

The tone of Wednesday’s dialogue was said to be respectful, if tense. Nonetheless, some insiders were surprised by the harshness of Wang’s message, just three weeks out from an important leaders’ summit in China. Any appearance of a charm offensive is seen to have evaporated.

The sources said Wang told Kallas the two-day summit itself could be truncated – in a hint that Beijing is not happy with how the EU is positioning itself ahead of the event.

The bloc is set to blacklist two small Chinese banks for flouting its sanctions on Russia, in its 18th package of measures against Moscow, which is awaiting final approval from its 27 member states. On this point, Wang repeatedly vowed to retaliate if the lenders are ultimately listed.

It continues to take Beijing to task on trade matters, with dozens of investigations into subsidies, dumping and other market-distorting practices under way or in the works.

More recently, the sides clashed on Chinese restrictions on the export of rare earth elements and magnets, which have caused some European companies to stop manufacturing lines.

The bloc relies almost entirely on Chinese supply, without which it cannot make anything from planes and advanced weapons to cars and refrigerators.

The Europeans got no reassurances from Wang that a structural end to the crisis was in the works. Instead, he said the Ministry of Commerce’s has reduced processing time for licenses from nearly six weeks to three, and that individual companies can always raise their complaints with the government.

On rare earths, the EU feels it has been unfairly caught in the crossfire of a US-China tech war and there is some surprise that Wang was not more forthcoming with a solution. One source described his position on the matter as “dismissive”.

The view in Brussels is that the gruelling encounter – interrupted by a dinner of stuffed chicken, sweet potato mousse and cheesecake – does not bode well for the summit on July 24 and 25 in Beijing and Anhui province. The main hope for concrete deliverables is on the climate front.

Wang earlier on Wednesday met European Council President Antonio Costa and European Commission President Ursula von der Leyen. EU sources said the two presidents were “on the same page” with each other and Kallas on all the major issues.

From Brussels, he travelled to Berlin for a first meeting with Germany’s new foreign minister, Johann Wadephul.

According to the German daily Handelsblatt, Chancellor Friedrich Merz was also planning to meet Wang briefly as a “protocol gesture”. Later in the week, he will meet French Foreign Minister Jean-Noel Barrot in Paris.

China’s own version of the meeting with Kallas, meanwhile, makes little reference to the many bones of contention.

“There is no fundamental conflict of interests between China and the EU, and they have broad common interests,” read an account published by the foreign ministry.

“Europe is currently facing various challenges, but none of them came from China in the past, present and future. The two sides should respect each other, learn from each other, develop and progress together, and make new contributions to human civilisation,” it continued.
On rare earths, the EU feels it has been unfairly caught in the crossfire of a US-China tech war and there is some surprise that Wang was not more forthcoming with a solution. One source described his position on the matter as “dismissive”.
The tone of Wednesday’s dialogue was said to be respectful, if tense. Nonetheless, some insiders were surprised by the harshness of Wang’s message, just three weeks out from an important leaders’ summit in China. Any appearance of a charm offensive is seen to have evaporated.
During a marathon four-hour debate on a wide range of geopolitical and commercial grievances, Wang was said to have given Kallas – several “history lessons and lectures”.
Beijing’s belief that Washington will soon turn its full attention eastward, two officials said.

EU wanted Rare Earths and Wang Yi basically shrugged his shoulders and gave them an history lesson and a lecture over an 4 hour discussion.
 

FriedButter

Brigadier
Registered Member
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China Set to Cancel Part of Summit in Latest Strain on Ties​

The Chinese government intends to cancel part of a summit with European Union leaders planned for later this month, in the latest sign of the tensions between Brussels and Beijing.

The second day of the two-day summit in China is set to be canceled at Beijing’s request, according to people with knowledge of the planning, who asked not to be named discussing private information. Those plans could change by the time they’re finalized, one of the people said.

Originally, European Commission President Ursula Von der Leyen and European Council President Antonio Costa had planned to meet President Xi Jinping and Premier Li Qiang in Beijing on July 24 and then travel to Hefei in central China on July 25 for a business summit. The meeting will now just be one day in Beijing.

Xi is trying to position himself as a more reliable partner than President Donald Trump, who is alienating US allies over issues from tariffs to defense. But relations between Brussels and Beijing have also become more strained by longstanding disagreements over the war in Ukraine and Chinese industrial policy.

Adding to the tensions is an increasingly unbalanced trading relationship compounded by China’s recent export controls on rare earth magnets, which have hit European industries hard.

The two sides had already canceled the flagship EU-China High-Level Economic and Trade Dialogue and a digital forum, Bloomberg reported last month. That economic meeting would typically lay the groundwork for the leaders’ summit, but was called off by the EU due to a lack of progress on trade.

The series of ongoing disagreements has challenged the relationship. When the EU imposed tariffs on Chinese electric vehicles last year, China launched anti-dumping probes into European brandy, dairy and pork, with the brandy probe due to end this Sunday.
Trade Distortions

The cancellation comes as Chinese Foreign Minister Wang Yi is in Europe for meetings in Brussels, Germany and France.

In a meeting on Wednesday, European foreign policy chief Kaja Kallas told Wang that it was important to rebalance the economic relationship and end “distortive practices” including the restrictions on rare earths exports, according to a readout. She also urged China to end support for Russia’s military-industrial complex and back a full and unconditional ceasefire in Ukraine.


At the meeting, Wang said that the two sides should regard each other as partners, not rivals, and should properly handle differences through communication, according to a Chinese statement.

Beijing is worried that the EU will agree a trade deal with the US that could damage Chinese interests. Chinese officials are particularly concerned that the EU might sign up to provisions similar to those in the UK’s deal with the US, which included commitments around supply chain security, export controls and ownership rules in sectors like steel.

The shortened summit is unexpected. The EU Chamber of Commerce in China was inviting members to sign up for the meetings in Hefei in an email Thursday morning, Beijing time.
The second day of the two-day summit in China is set to be canceled at Beijing’s request
 
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