DW: Why China’s economy is in trouble and what it means for you; COGwriter: And then there is the hukou
China’s hukou (household registration) system contributes to the countries stark inequalities by making it very difficult for the children of rural parents to benefit from urban education even if their parents are migrant workers in a major city. https://t.co/mrXb81rRVV pic.twitter.com/tJJqNoCjVu
— Kenneth Roth (@KenRoth) May 30, 2021
There are concerns that China is having economic problems:
Xi Starts March to Third Term in China Facing Problems at Home and Abroad
August 18, 2022
Shortly after President Xi Jinping took power in 2012, he outlined his “Chinese Dream” for national rejuvenation. A decade later, he’s entering his most challenging period yet for turning that vision into reality. …
With economic growth forecasts being slashed, Covid cases rising to a three-month high and the US pushing back over Taiwan, each week seems to bring a new crisis. That’s left Xi focused on reining-in risks and trying to project stability, …
The economic weakness is widespread, due in part to Xi’s lockdown-dependent Covid Zero strategy. Retail sales, industrial output and investment all slowed last month, missing economists’ estimates. Even as overall employment recovered slightly, youth joblessness rose to a record 20%. …
Social Unrest
The tropical resort haven of Hainan on the South China Sea has been shut down for almost two weeks, leaving some 150,000 tourists stranded. In Tibet, hundreds of vehicles were stuck in a traffic jam as visitors trying to flee the Covid hotspot were denied entry into the neighboring province of Yunnan.
That’s adding to the risk of rising social unrest as people adapt to the reality of living in a seemingly endless cycle of lockdowns, weak job prospects and falling home prices. About 15 million young people are estimated to be jobless in China, just as a record number of college and vocational school graduates enter the job market this summer.
Authorities are already grappling with protests across more than 100 cities from homebuyers angry about delays in apartments they purchased. …
Lots of “firefighting” is needed to restore stability, said Botham from Pantheon Macroeconomics. https://www.bloomberg.com/news/articles/2022-08-18/xi-starts-march-to-third-term-in-china-facing-problems-at-home-and-abroad
Why China’s economy is in trouble and what it means for you
17 August 2022
Beijing this week slashed interest rates to boost demand after its zero-COVID policy and a property crash rocked the economy. China’s woes will hurt global growth but could also help to cool inflation. …
Business and consumer activity in the world’s second-largest economy have been stymied by Beijing’s zero-COVID policy that sparked monthslong lockdowns on workers in dozens of cities, forcing many businesses to shut. Chinese leaders are loathe to reverse the draconian policy now, for fear of unleashing a bigger crisis. … the recent government crackdown on the debts of property developers sparked a real estate crash that forced one of the country’s largest builders, China Evergrande, to the edge of bankruptcy.Chinese homebuyers have stopped paying mortgages on unfinished apartments, bank loans for property purchases have fallen for the first time in a decade and the amount of residential floor space — a measure of new construction activity — dropped by nearly half in the second quarter.
“The property crash is the bigger problem [compared with the zero-COVID policy],” said Craig Botham, China expert at the research house Pantheon Macroeconomics. “The economy has shown it can recover quickly from lockdowns, but the damage from falling asset prices in a sector worth 30% of GDP is far more pernicious. Households, banks, and local governments all have damaged balance sheets.”
Botham told DW. … “It’s safe to say it [China] won’t rescue the global economy in this cycle. Hopes for a new commodity supercycle driven by China will be dashed. However, the focus on supply-side policies, and the weakness of Chinese demand, will mean China exports disinflation and even deflation to the rest of the world over the next 12 months, helping cool global inflation.” https://www.dw.com/en/why-chinas-economy-is-in-trouble-and-what-it-means-for-you/a-62823625
China is facing problems.
A couple of years ago Bloomberg News, reported some claimed that we have seen “Peak China”:
February 10, 2020
Plenty of experts have lived to regret their predictions of the downfall, the collapse — the peak of anything China. But here it is. A bold call for the ages: We very likely have just witnessed Peak China (as an export powerhouse). https://www.bloomberg.com/news/articles/2020-02-10/trade-war-latest-china-may-have-just-peaked-as-an-export-power
I have warned for many years that China would NOT be the power to lead the world’s economy in the 21st century as the Bible points to Europe doing that. Notice one such posted warning:
Now the Bible shows that Europe (Revelation 13 & 18), and not Asia, will be the major economic leader in the future prior to Jesus’ return (watch Can You Prove that the Beast to Come is European?). But what about China?
Some believe that it is surpassing the USA and the rest of the world, and hence, China will be the leader of the 21st century. The Bible does not teach that it can hold that position for much time, if at all. (Thiel B. BRICS have a political agenda? China to soon be less relevant? COGwriter, January 25, 2014)
While China has grown tremendously, economically, one of the things that most Westerners do not realize is that China has a system that prevents its citizens from agrarian areas from having the same rights as those in urban areas. It is called the hukou. Here is more information about that:
The hukou
Through a rigorous and rigid household registration system designed to control the movement of China’s 1.3 billion people, the central government classifies all its citizens as either city dwellers or rural peasants. The registration, also known in Chinese as hukou, determines not only a citizen’s residence but also what kind of social services individuals are eligible for…In Beijing, which has an estimated 5 million migrant workers, none of these people are allowed to obtain state-sponsored health care or schooling if their hukou is registered in their hometowns—which most likely it is. As a result, their children—many of whom are born in the Chinese capital—can only attend privately-run and unapproved schools. (Mong A, Gu B. In Beijing, 40,000 students stranded. MSNBC, August 19, 2011. http://behindthewall.msnbc.msn.com/_news/2011/08/19/7413538-in-beijing-40000-students-stranded?lite)What is hukou …
A hukou determines where your kids can go to school, where you can own a home, city or regions where you can access healthcare, find permanent jobs and receive loans. …
Historically, the hukou system and the danwei have formed the basis of social order allowing Beijing to control any labour strikes or protests by workers. …
The hukou system has allowed the Beijing government to control labour mobility in the vast network of industrial production hubs across major cities.
As foreign travel and work opportunities have become difficult since the pandemic started, there is growing frustration among the youth. …
The change in the hukou system is responding to the lack of jobs and growing frustration with Beijing’s zero-Covid policy. Even the foreign talent China has relied on to fill the skills gap continues to exit the megacities. Beijing isn’t depending on the return of foreign workers anymore, and instead, the strategy appears to be to boost growth at home through policy realignment.
The jobs crisis and flailing economic growth has Beijing worried. The Chinese cities now seem confident with the idea of permitting a demographic change within their territories.
The growing moment to change the hukou system has the potential to transform the social order in Chinese society, which will leave an impact on politics. 07/06/22 https://theprint.in/opinion/eye-on-china/growing-frustration-in-youth-has-the-chinese-govt-worried-it-sees-solution-in-hukou/1026134/
The hukou looks to be a factor in economic problems and social unrest in China. Notice also:
August 16, 2022
- Independent estimates put the number of left-behind children at around 70 million with one or both parents away, and 31 million with both gone
- A major factor in decisions to leave children behind is the hukou, China’s rigid household registration system, which makes relocating very difficult …
China’s “left-behind” children. The term refers to families where either one or both parents live away for most of the time from their children, mainly as migrant workers in big cities.
Official government figures claimed there were almost 13 million left-behind children in 2020. However, most independent estimates put the figure at around 70 million for households where one or both parents live away, and 31 million for those with both parents gone. The vast majority of these children are from impoverished rural areas.
A major contributing factor to parents’ decision to leave their children for years at a time is the country’s rigid system of household registration, known as hukou.
Under this system, those without registration find accessing schooling, housing and healthcare extremely difficult. For migrant workers it is often impossible to register in the cities where they work, meaning their children are left without any public services unless they remain in the region where they were born. https://www.scmp.com/news/people-culture/trending-china/article/3189084/i-dont-want-money-i-just-want-mum-sobbing-boy
Even people who move from agrarian regions to the cities, they still are normally registered as agrarian/rural and do not get the same rights or even education for their children–so children are often left behind. This disparity of registaration, combined with severe pollution, corruption, and a host of other problems, will affect China more than most realize–despite its generally rising wealth–a lot of which is invested in places that may default.
Problems in China will help Europe rise up.
Now the Bible does say that all trading nations will have become wealthy trading with Babylon (the restored European Empire–not Asia), and that they really will prosper during the beginning years of the great tribulation:
3 For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury (Revelation 18:3).
13 Javan, Tubal, and Meshech were your traders. They bartered human lives and vessels of bronze for your merchandise. 14 Those from the house of Togarmah traded for your wares with horses, steeds, and mules (Ezekiel 27:13-14).
Thus, merchandising Asia (Javan, Tubal, Meshech, and others), as the world’s most populous region, is prophesied to attain wealth from the coming restored European Empire, but it will not then be the economically, most-powerful block of nations in the world. It may well be because of debt defaults and internal unrest that China will not have the abilities to lead the world this century as it seems to hope.
Expect to see change in Europe and China.
Biblical prophecies are coming to pass.
As Jesus said:
37 And what I say to you, I say to all: Watch!” (Mark 13:37)
Some items of possibly related interest may include:
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? Japeth, Javan, Magog? Is there evidence that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel? What do Chinese writings and characters help show? What about the Garden of Eden, Noah’s Flood, and the Tower of Babel? Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia? A related sermon is also available: China’s biblical past and prophetic actions.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? What about the Apostle Thomas? Did Confucius say anything to get the Chinese to possibly consider Christianity? Is there early evidence that they observed the seventh day sabbath? What about the Ten Commandments? What type of Church of God witness has there been to China? What has been happening with China that ties it together with prophecies in Revelation? What about the 200 million man army and Armageddon? What about the Belt and Road Initiative and end time Babylon the Great? A related sermon is also available: China’s biblical past and prophetic actions. Watch also China’s Silk Road and Babylon the Great.
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? Two YouTube video are Is China THE Threat to the United States of America? and China: A King of the East.
Fourth Horseman of the Apocalypse What is the pale horse of death and pestilences? What will it bring and when? Some related videos may include Amphibian Apocalypse: Threat to Humans?, Zombie Deer Disease is Here! Are the 10 Plagues on Egypt Coming?, and Biological Warfare and Prophecy. Here is a version of the article in Spanish: El cuarto jinete de Apocalipsis, el caballo pálido de muerte y pestilencia.
Four Horsemen of the Apocalypse What do each of the four horseman of the Apocalypse represent? Have they began their ride? Did Jesus discuss the any of this? Might their rides coincide with the “beginning of sorrows? Do they start their ride prior to the Great Tribulation? Did Nostradamus or any other ‘private prophets’ write predictions that may mislead people so that they may not understand the truth of one or more of the four horseman? There is also a related YouTube video titled The Four Horsemen of the Apocalypse.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Might German Baron Karl-Theodor zu Guttenberg become the King of the North? Is the former German Defense Minister (who is also the former German Minister for Economics and Technology) one to watch? What do Catholic, Byzantine, and biblical prophecies suggest?
Germany’s Assyrian Roots Throughout History Are the Germanic peoples descended from Asshur of the Bible? Have there been real Christians in Germanic history? What about the “Holy Roman Empire”? There is also a You-Tube video sermon on this titled Germany’s Biblical Origins.
Germany in Biblical and Catholic Prophecy Does Assyria in the Bible equate to an end time power inhabiting the area of the old Roman Empire? What does prophecy say Germany will do and what does it say will happen to most of the German people?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
WTO/TTIP and the Babylonian Beast Will international trade agreements like WTO/TTIP/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. Here are links to three related sermons: The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
Brexit Happened: Now What? At 11:00 pm January 31, 2020, the United Kingdom formally left the European Union. Many celebrated, while many mourned. Nigel Farage stated, “This is the greatest moment in modern British history.” What will happen to the United Kingdom? Will the UK be involved in trade deals with the United States of America and the Europeans? Will the UK regret the BRitish Exit (Brexit) from the EU?What will happen with the European Union? Is Europe prophesied to have a great army and many ships? Does the Bible prophesy a reorganization of Europe? Does it prophesy that the Europeans will become a conquering military power? Is the United Kingdom prophesied to be conquered? How does the Bible name the British-descended peoples? Was the British Empire the largest in world history? Was Brexit predicted by Church of God leaders in 1970 and the early 1990s? Will the European Union be negatively affected financially by the departure of the UK? Will this turn out well for the UK or the Europeans? Dr. Thiel addresses these issues and more in this video.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2030 or or 2031 or ? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
The Great Tribulation: What Happens First? What events have happened? What are some events that are now happening? And what events need to happen for the Great Tribulation to start? Here is a link to a related sermon video: Counting Down to the Great Tribulation. Here is a video in the Spanish language: Contando los eventos y el inicio de la Gran Tribulación.
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon. Other videos include: Armageddon Will it come on Trump’s watch?, Iraq, Armageddon, & Prophecy, Freemasonry, Armageddon, and Rome, Is China paving roads to Armageddon?, and Jordan, Petra, and Armageddon.
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