Tag: China

Sea View Properties in Huizhou, Weihai, and Other Locations Experience Price Drops: Transactions for 145 sqm at 250,000 RMB, Large Number of Second-Hand Homes for Sale

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The allure of sea view properties in Chinese cities like Huizhou and Weihai is diminishing, with significant price drops observed. Initially sought after for their picturesque views and investment potential, these properties are now facing a market adjustment. Notable instances include transactions for 145 sqm properties at just 250,000 RMB. A combination of overdevelopment, a shift in market demand, and the practical challenges of maintaining such properties has led to a large inventory of unsold second-hand homes. Despite past popularity, driven by idealized living and investment expectations, the reality of high vacancy rates, maintenance issues, and a cooling market has resulted in decreased values. This trend highlights the changing dynamics in China’s real estate market, particularly in previously booming vacation spots.

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Is China’s Fourth Aircraft Carrier Nuclear-Powered? Navy Political Commissar Says: Will Be Announced Soon

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China’s upcoming announcement of its fourth aircraft carrier has sparked speculation about its propulsion system, with significant interest in whether it will be nuclear-powered. While China’s existing carriers use conventional steam turbines, the potential for a nuclear-powered carrier offers advantages in range, stealth, and power. Recent statements by Navy Political Commissar Yuan Huazhi have intensified speculation, although technical challenges and the need for further experience and development in nuclear propulsion remain. Regardless, the development and capabilities of China’s fourth carrier are seen as indicative of the nation’s growing naval strength and technological prowess.

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The Ultra-Concise Version of China’s Government Work Report for 2024 Is Here! Only 700 Words

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China’s government work report for 2024, delivered by Premier Li Qiang, outlines key achievements from 2023, including a 5.2% GDP growth and significant advancements in the new energy vehicle sector. The report sets forth goals for 2024, such as aiming for a 5% GDP growth and creating over 12 million new urban jobs. It highlights several priority areas including fiscal policy adjustments, investment in local government bonds, and the issuance of special national bonds. Additionally, the report focuses on future industries, digital economy expansion, consumption promotion, housing, employment, rural revitalization, urbanization, education, healthcare, social security, opening up the economy, and environmental protection.

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A Korean Professor Speaks Out: “The Whole World Except for South Korea Disregards China, But China Has Already Overlooked South Korea”

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South Korean Professor Kim Do-nan highlighted a unique perspective on the dynamics between South Korea and China, noting South Korea’s diminishing regard for China despite China’s lack of attention towards South Korea. Historical influences and changing global standings have shaped perceptions, with South Korea’s alignment with the U.S. and China’s economic rise playing key roles. Kim’s visit to China and observations about Chinese advancements and the youth’s focus underscore the need for South Korea to update its understanding of China’s position in the global hierarchy.

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China’s Disgraced Official Skimps on Breakfast Eggs but Squanders Embezzled Money

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Wang Zhengqiang, a male born in February 1963, started his career in August 1983 and joined the Communist Party of China in October 1984. He held positions including Deputy Secretary of the Party Committee of the Guizhou Provincial Botanical Garden; Deputy Director and Deputy Party Secretary of the Guizhou Provincial Physical and Chemical Testing Analysis Research Center; Deputy Director and Party Secretary of the Guizhou Provincial Analysis and Testing Research Institute; and Director of the Science and Technology and Economic Strategy Research Center of the Guizhou Academy of Sciences.

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China to Conduct First Asteroid Defense: Collision Millions of Kilometers Away

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On October 22, at the main forum of the Chinese Association for Science and Technology annual meeting held in Hefei, Anhui, Wu Weiren, the chief designer of China’s lunar exploration program, director and chief scientist of the Deep Space Exploration Laboratory, and an academician of the Chinese Academy of Engineering, introduced China’s 15-year plan for deep space exploration.

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