The linked report names each of the Chinese provinces and municipalities, in which countries they have their ‘offices’ and which organizations are part of it, it shows dozens of images of police meetings and ‘liaison officers’, who they are, when the offices were founded, who reports to whom, when - all based on almost 1,200 (mostly Chinese) sources.
Do you understand that this kind of whaboutism is particularly revealing as this Waymo video, unlike the Chinese JAC/Huawei case, is still visible on the web? Do you understand that the story isn’t just about the crash but about the censorship of a testing video that is endangering people’s lives?
I don’t get why the comments so far got deleted. They are all justified and don’t violate any of the rules here.
Yes, it’s mentioned in the linked article.
In China, the AI bubble has already burst
… The meltdown, tanking the mainland STAR50 index of AI and semiconductor leaders by 40% in less than four months and vaporising some $480 billion in market value, is an ill omen for wobbly world markets and a dampener on China’s efforts at encouraging its savers into stocks to fund the AI boom.
… With AI stocks running to 42% of China’s market capitalisation and 57% of turnover across mainland-listed A-shares and Hong Kong’s H-shares, according to Goldman Sachs, few in a market dominated by small investors have escaped pain.
… Shares in robot-maker Unitree, 8,000 times oversubscribed by retail buyers at listing, have halved since they started trading in August, and chipmaker CXMT has lost more than a quarter of its value in the past month.
… Chipmakers MetaX Integrated Circuits and Moore Threads Technology, which leapt 700% and 400% respectively on their market debuts last year, have also halved in value since July.
… Frustration that an investment theme backed by Beijing has ended so badly has driven many investors into defensive assets and is likely to slow equity fundraising by tech firms.
A remarkable detail in China, citing the report:
The frenzy and its fallout contrast with a push by authorities to improve returns and dampen volatility by cracking down on leverage and high-frequency trading. State-backed investors were sellers into rallies to keep gains in check.
[Emphasis mine.]
I guess what @neidu4@piefed.social is referring to is China’s ‘pretend to work’ reality as has been reported by a wide range of outlets, e.g.,
China’s unemployed young adults who are pretending to have jobs
… Paying companies so you can pretend to work for them has become popular among young, unemployed adults in China. It has led to a growing number of such providers … Shui Zhou, 30, had a food business venture that failed in 2024. In April of this year, he started to pay 30 yuan ($4.20; £3.10) per day to go into a mock-up office run by a business called Pretend To Work Company, in the city of Dongguan, 114 km (71 miles) north of Hong Kong …
Fake it till you make it? Inside China’s ‘pretend to work’ trend as youth face surging unemployment
… Some take “pretend to work” further, renting desks in mock offices that recreate the rhythms of work - minus the employer.
Equipped with computers, desks, meeting rooms and internet access, these spaces are gaining popularity in major Chinese cities like Shanghai, Shenzhen and Chengdu …
What is a good source to inform yourself if the China-appointed so-called ‘Tibetan leader’ presides over a symposium on promoting ‘ethnic unity’ in Tibet?
China isn’t subverting democracy?
Chinese steal my data and be able to do nothing meaningful with it.
Is this satire?
The report cites 1,200 sources. The names and everything else is all in the pdf report.