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Unable to Cut Welfare and Debt Snowballing... Will France, with 119% National Debt, Become the Trigger for a Global Financial Crisis?
[Street anger in France brings down both government bonds and bank stocks]France is paying the price for covering the gap between state spending and its economic output with debt. Aging populations are driving up pension and healthcare costs while economic growth slows, and the debt accumulated during the low-interest-rate era is accruing increasingly expensive interest. Although national debt has reached 119% of Gross Domestic Product (GDP), the...
2026-10-20 추부길
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[China Watch] The Bare Face of China's 3Q 4.5% Economic Growth: The Grim Reality Behind the Numbers
[Reuters looks into China: Unable to leave jobs despite bonus cuts by half]Although China's economy rebounded with a 4.5% growth in the third quarter, stagnation in investment and real estate alongside sluggish consumption continues underneath the surface. While exports and advanced manufacturing support the growth rate, private enterprises are cutting back on investments, and households are tightening their wallets due to employment and inco...
2026-10-20 추부길
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Europe Turns Its Back on China, Shifting from Dependence to Market Barriers
[Additional Pressure Directives Issued Immediately Following Agreement on Chinese Auto Export Cap]The European Union (EU) has begun turning its back on China. Moving beyond merely imposing tariffs on Chinese products, Brussels is preparing policies to diversify supply chains currently concentrated in China and swiftly restrict European market access when necessary. Notably, even Germany—which had long exerted braking pressure on hawkish pol...
2026-10-20 추부길
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[China Watch] Global AI Investments Cool Rapidly, Chinese Stock Market Faces Largest Losses
[Bloomberg: “China Takes Biggest Hit as Global AI Investment Wobbles”]As global enthusiasm for artificial intelligence (AI) investments cools, the heaviest impact is concentrating on Chinese tech stocks. The STAR 50 index—often dubbed China’s Nasdaq—has dropped over 38% in less than four months, while valuations of key semiconductor and robotics hopefuls have plummeted. If the downturn persists, it will tighten finan...
2026-10-19 추부길
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Flames Rise in Putin's Hometown… Ukraine’s Counteroffensive Targets Russia’s 'War Chest'
[Flames in Putin's Hometown, Zelensky's Uppercut]As Ukraine launched a large-scale drone attack on the Russian mainland, oil facilities in St. Petersburg—President Vladimir Putin's hometown—were engulfed in flames. Russia, which had been trying to force Ukraine into submission through winter cold and power outages, now faces the burden of defending its own energy and logistics hubs. Ukraine has directly challenged Putin&rs...
2026-10-19 추부길
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[China Watch] China Swept Up the World's Gold… As Gold Prices Plunge 26%, $64 Billion in Reserves Evaporates
[Gold Shaken by U.S. Inflation Data: Plunges 26% From Its Peak]As international gold prices fell by approximately 26% from their record high earlier this year, China—which had been aggressively buying gold—finds itself embarrassed by a massive valuation drop. Although China expanded its gold reserves for 23 consecutive months, the official valuation of its gold holdings shrank by approximately $64 billion (approx. 85.6 trillion KRW) c...
2026-10-19 추부길
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“Leaving Canada”: Oil-Rich Alberta Holds Independence Vote as Canada’s Fate Hinges on the 19th
[Non-Binding Referendum Asks Whether to Pursue Alberta Separation Process]Alberta, Canada’s top oil-producing province, is holding a referendum to ask voters whether to initiate formal procedures toward separation. While not an immediate vote on independence, cracks in Canadian unity have spilled over into the polling booth amid trade pressure from U.S. President Donald Trump and his remarks about a potential "51st state". Prime Minister Ma...
2026-10-18 추부길
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Burning Town Halls, Boiling Public Sentiment… A Precarious France as Macron Stands Helpless
[French Protests Expand as Living-Cost Anger Joins Student Demands]A 143-year-old town hall was engulfed in flames, and a bust of Marianne—a symbol of the French Republic—was toppled to the floor. Anger that began in classrooms among French students has merged with the discontent of citizens weary of rising living costs, spreading into a nationwide resistance. President Emmanuel Macron warned that those participating in violence would...
2026-10-18 추부길
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[China Watch] A Worst-Case Scenario Hits the Chinese Economy: A Warning Signal Far Scarier Than Sluggish Consumption Has Appeared!
[Cracks in the Real Economy Revealed by the Latest Financial Indicators]The crisis in the Chinese economy is penetrating deep into the paychecks, living expenses, and debt repayment capacity of its citizens. Cases are surfacing where workers face wage reductions while still employed, and where even minimizing expenses leaves them unable to manage their debt obligations. While the government urges people to boost spending, households are forced to...
2026-10-18 추부길
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[China Watch] After So Many Purges, Warnings of "Traitors" Again… What Is Xi Jinping So Afraid Of?
[Warning Published in Official Party Theoretical Journal: “Do not trust everyone who claims loyalty”]Chinese President Xi Jinping has once again issued a stern warning aimed squarely at the interior of the Communist Party of China (CPC). He urged the Party to filter out officials who pay lip service to loyalty while disobeying directives behind the scenes—those who stand ready to jump ship whenever personal interests dictate. De...
2026-10-17 추부길
