China plans to become independent in components and semiconductors industry. Therefore, by 2025, the PRC is going to launch its own production of electronic components, and this work is already underway.

Over five years, the country will allocate $ 1.4 trillion (this is not a typo) for the needs of the electronic components industry. The state will not directly build factories and plants, instead, funds are allocated to Chinese specialized companies under the strict control of officials.

It is already known that the funds will be received by Alibaba Group, Huawei Technologies Co. Ltd, SenseTime Group Ltd. and a number of other high-tech companies. The main task set before them is to reduce the dependence of the electronic industry in China on other countries, mainly the United States. This was announced at the launch of the Made in China 2025 program. This year, China will allocate totally about $563 billion.

In mid-August, the Chinese government released data on the volume of semiconductor chips produced in the country. As it turned out, this figure grew by 41.3% over the year. And the country continues to increase production volumes.

Huh.

If you have a dream, never give up believing in your dream, living your dream, and doing something everyday to make that dream happen, but remember, no matter who you are, no matter how hard you work, or how good you think you are at what you do, there will always be an Asian who takes it to the next level.

Ryan Hayashi

The Chinese economy, with nearly 300% of GDP in debt, is on the brink of its first major corporate crisis.

The second largest construction company, Evergrande, may face a default after reaching a total debt of 1.97 trillion yuan ($ 305 billion).

Evergrande's two largest non-bank lenders have demanded immediate repayment of some of the loans amid reports of a potential default by the company.

On Friday, the national clearing center CSDC cut the company's securities from the repo market. The inability to pledge Evergrandе bonds and get financing for them caused panic among investors.

Evergrande bonds fell sharply on Monday, prompting the Shanghai Stock Exchange to suspend trading. The drop in securities was caused by a decrease in the company's credit rating by the national agency Chengxin.

If Evergrande goes bankrupt, it will set off a chain of upheavals in the financial sector, the social sector, the real estate market and everything connected with it.

Last week the international rating agency Moody’s downgraded the outlook for Chinese developers to “negative”, citing falling sales, liquidity risks and a snowball of debt, which is becoming increasingly difficult to refinance.

Things are bad.

A NEW STORE HAS OPENED.

A HUSBAND STORE!

THERE’S A SIGN AT THE ENTRANCE:

YOU MAY VISIT THE HUSBAND STORE ONLY ONCE. THERE ARE SIX FLOORS, AND THE VALUE OF THE PRODUCTS INCREASE ON EACH SUCCESSIVE FLOOR.

THE SHOPPER CAN CHOOSE ANY ITEM FROM A PARTICULAR FLOOR, OR GO UP TO SHOP ON THE NEXT FLOOR, BUT SHE CANNOT GO BACK DOWN EXCEPT TO EXIT THE BUILDING. So, a woman goes into the store. On the first floor the sign on the door reads:

• FLOOR I — MEN WHO HAVE GOOD JOBS. “That’s nice,” she thinks, “but I want more.” So she continues upward, where the sign reads:
• FLOOR 2 —MEN WHO HAVE GOOD JOBS AND LOVE KIDS. She’s intrigued, but continues to the third floor, where the sign reads:
• FLOOR 3 — MEN WHO HAVE GOOD JOBS, LOVE KIDS, AND ARE EXTREMELY HANDSOME. “Wow,” she thinks, but feels compelled to keep going.
• FLOOR 4 — MEN WHO HAVE GOOD JOBS, LOVE KIDS, ARE EXTREMELY HANDSOME, AND HELP EQUALLY WITH THE HOUSEWORK. “It can’t get better than this!” she exclaims. But then a voice inside her asks,“Or can it?” She goes up and reads the sign.
• FLOOR 5—MEN WHO HAVE GOOD JOBS, LOVE KIDS, ARE EXTREMELY HANDSOME, HELP EQUALLY WITH THE HOUSEWORK, AND HAVE A GREAT SENSE OF HUMOR. Having found what she’s looking for, she’s tempted to stay, but something propels her to the sixth floor, where the sign reads:
• FLOOR 6—YOU ARE VISITOR 42,2I5,602 TO THIS FLOOR. THERE ARE NO MEN ON THIS FLOOR. THIS FLOOR ONLY EXISTS TO PROVE THAT WOMEN ARE IMPOSSIBLE TO PLEASE. THANK YOU FOR SHOPPING AT THE HUSBAND STORE.

The store’s owner opened a Wife Store right across the street.

• The first floor has wives who Love Sex
• The second floor has wives who Love Sex and Are Kind
• The third floor has wives who Love Sex, Are Kind, and Like Sports

The fourth, fifth, and sixth floors have never been visited.

(c) Marry Him The Case for Settling for Mr. Good Enough by Lori Gottlieb

Deaths from alcohol related issues are constantly rising, and fast.

China's tech big business is listening to President Xi Jinping's calls for "smart adjustments to excessive incomes" and to encourage wealthy citizens to "give back to society," writes CNBC.

The largest companies actually force them to make multibillion-dollar donations and investments in various sectors of the economy.

Specifically, e-commerce giant Alibaba plans to invest 100 billion yuan ($ 15.5 billion) over the next few years. They are required to realize the idea of ​​"common prosperity". These funds will go to 10 government initiatives, including technological innovation, economic development, the creation of quality jobs, as well as support for vulnerable groups.

"Alibaba has been the beneficiary of China's significant socio-economic progress over the past 22 years. We are convinced that if both society and the economy are doing well, then Alibaba will be doing well," said CEO Daniel Zhang.

Other Chinese tech giants have also pledged to fund the government's plan.

Last month, video game maker Tencent announced plans to pay 100 billion yuan ($ 15.5 billion) to support social initiatives. This money will go towards rebuilding rural areas and increasing the incomes of the poor. The company said its actions are in response to China's "national strategy".

The founders of Pinduoduo, Meituan and Xiaomi have also donated billions of dollars in social welfare.

Interesting.

When nobody wakes you up in the morning, and when nobody waits for you at night, and when you can do whatever you want. what do you call it, freedom or loneliness?

Charles Bukowski