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Cake day: January 29th, 2025

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  • What’s the difference between U.S. and Chinese AI for those ‘with eyes willing to see’?

    The sad answer is that Europe and others need to collaborate and develop their own tech. The U.S. and Chinese AI is the same useless crap, with China’s even more (intentionally) biased.

    But this article is about China, not the U.S. If you engage further in whataboutism and conveying cheap Chinese propaganda narratives, I stop this conversation.













  • From the original report:

    -Over a third of the world’s largest banks (26 of 65) reduced their fossil financing from the previous year, with some European banks and some Canadian banks driving most of that progress.

    -The remaining 39 banks moved in the opposite direction, and some US, Japanese, and Chinese banks were responsible for the largest year-on-year increases.

    -On balance, the world’s 65 largest banks committed $906 billion to companies conducting business in fossil fuels in 2025, up $64 billion or 7.6% from 2024.

    -Since 2021, global banks have funneled over $4.2 trillion in financing to fossil fuels, including $2.1 trillion to fossil firms in expansion.

    Edit

    Dealmakers and Dealtakers: Top Bank Financing by Country 2025

    The US dominates as a financial center providing bank financing for fossil fuels. This petrostate also jumps off the chart (below) as the nation receiving the most fossil fuel debt from banks. In fact, US fossil fuel corporations received 45.4% of all fossil fuel financing in 2025. Comparing countries’ total bank fossil financing to their fossil fuel company borrowers, the US is an outlier. It is the only Big Six financial center [comprising the U.S., Canada, Japan, EU, China, UK] whose fossil firms receive more bank financing than its banks provide. Japanese banks, on the other hand, provide much more financing than the country’s fossil sector receives. In China, the volume of bank financing to fossil firms is about equal to the amount received by fossil firms. This is at least partly explained by China’s more insular financing model: about 86% of 2025 fossil financing from Chinese banks went to Chinese comp







  • There is a war in Ukraine after Russia invaded the country. China has been playing war games around Taiwan while Beijing has been increasing its aggression practically in the entire South China Sea. It’s noteworthy that the Chinese government has been increasing its military budgets in the last 30 years which is another threat to its neighbours in the region.

    It’s clearly said in the report, and the conclusions are very clear and reasonably.




  • The same outlet reported yesterday:

    The ‘Chinese Dream’ is shrinking for Gen Z

    … Beijing reported [its] economy hit its 5% GDP growth target [in 2025. Exports held up. Industrial output stayed resilient …

    Many young Chinese millennials and Gen Zers, who are trading down on everything from fashion to career ambition, are gripped in a deep sense of morass. The stepping stones to a solid, middle-class life seem to be sinking away, and the promise of long-term financial stability is crumbling as the housing market does the same.

    “Even though a recession has not taken place, a lot of the symptoms of recession have been experienced by this young generation, particularly around unemployment and underemployment,” [says] Zak Dychtwald, who runs consumer research firm Young China Group …

    Youth unemployment is high — around 17% — and that number also doesn’t capture the growing number of graduates taking jobs they never expected to need. Last year, Chinese social media lit up after a Ph.D. graduate posted about turning to food delivery work. Around the same time, a gas company announced it was recruiting graduates and postgraduates as meter readers.

    “College education has become much more attainable for young adults,” said Zhou Yun, an assistant professor of sociology at the University of Michigan. “Yet the returns to college education have not kept pace.”

    You’ll find many of similar stories about China. It seems the Chinese students and graduates are unfortunately chasing whatever job they can get as the economy has been loosing spin for a long time. It’s not that great as their government wants to make the world believe.








  • … since the outbreak of the war in Israel, Beijing has classified Israel as a “high-risk area” and imposed a ban on any new Chinese investments in the country.

    The South China Morning Post, a Hong Kong-based Chinese propaganda outlet, published just last week that China, Israel continue to collaborate in science and tech despite unrest in Gaza.

    While Beijing supports Palestine and has a fractious relationship with Tel Aviv’s closest ally, cutting-edge innovations keep them together.

    In a report published just now in February 2026, Lloyd’s Bank explicitly says,

    Chinese investment in Israel has grown rapidly in recent years, particularly in software, IT services and consumer electronics.

    Trade between China and Israel is also at an all-time high since the outbreak of the pandemic, and this hasn’t notably changed since the Gaza war (with Chinese exports to Israel have always been higher than imports from Israel, so Israel runs a trade deficit with China).

    It’s important to note that this Chinese Ballet Vision fund cites losses of its investment since the outbreak of the war in Gaza, and it seems this is the real issue here. China is heavily investing and trading with Israel. Nothing has changed.

    This is not much more than propaganda, the numbers paint a different picture. China-Israel business ties are stronger than ever, despite Gaza.

    [Edit typo.]