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China’s XI Warn Over American Materialism and Spiritual Poverty

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Xi Jinping china

In a speech broadcast as the governing Communist Party works to reverse a worsening economic slowdown, China’s leader Xi Jinping urged for patience, saying Western countries are “increasingly in trouble” due to materialism and “spiritual poverty.”

Xi’s address was published by Qiushi, the party’s top theoretical journal, just hours after data released Tuesday revealed both consumer and manufacturing activity fell further in July, despite government promises to help struggling businesses. The government avoided providing an update on a politically sensitive increase in youth unemployment.

China, Communist Party,Covid-19

Xi, China’s most powerful leader in decades, urged the country to “build a socialist ideology with strong cohesion” and to prioritise long-term goals such as upgrading education, health care, and food supplies for the country’s 1.4 billion people over short-term financial gain.

Since gaining power in 2012, Xi has called for the restoration of the ruling party’s role as an economic and social leader, and he has tightened control over business and society. Some improvements come at an increasing cost, since successful Chinese firms are under pressure to redirect funds to political programmes such as processor chip development. The party reinforced its grip on the technology industry by conducting data security and anti-monopoly crackdowns that cost billions of dollars in stock market value.

“We must maintain historic patience and insist on making steady, step-by-step progress,” stated Xi in his speech. Qiushi stated that it was delivered in the southwestern city of Chongqing in February. Speeches are frequently published in Qiushi periodical months after they are delivered.

China Cracks Down on Social Media Critics Over COVID-19 Policies

Economic growth slowed to 0.8% in the three months ended in June, compared to 2.2% in the previous month. This equates to an annual rate of 3.2%, which would be among China’s worst in decades.

According to a June poll, unemployment among urban workers aged 16 to 24 reached a new high of 21.3%. This Thursday, the statistics office announced that it would suspend updates while it updated its measurement.

The government is attempting to calm worried homebuyers and investors about China’s severely indebted real estate market after one of the country’s largest developers, Country Garden, failed to make a bond payment and froze trading in its bonds. According to a government spokesperson, regulators are bringing debt under control, and risks are “expected to be gradually resolved.”

Beijing has also increased anti-spying measures and tightened information controls, leaving foreign and private enterprises unsure about what operations are permissible.

Xi emphasised “common prosperity,” a party phrase from the 1950s that he has revived. He called for closing China’s massive wealth disparity between a tiny elite and the poor majority, as well as “regulate the healthy development of capital,” but made no fresh announcements.

“Common prosperity for all people” is a “essential feature of Chinese-style modernization and distinguishes it from Western modernization,” according to Xi.

Western-style modernization “pursues the maximisation of capital interests instead of serving the vast majority of people,” according to Xi.

“Today, Western countries are increasingly in trouble,” stated Xi. “They can’t stop capital’s greed and can’t cure chronic diseases like materialism and spiritual poverty.”

Geoff Thomas is a seasoned staff writer at VORNews, a reputable online publication. With his sharp writing skills and deep understanding of SEO, he consistently delivers high-quality, engaging content that resonates with readers. Thomas' articles are well-researched, informative, and written in a clear, concise style that keeps audiences hooked. His ability to craft compelling narratives while seamlessly incorporating relevant keywords has made him a valuable asset to the VORNews team.

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California Representative Adam Schiff urges Biden to relinquish his position.

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Adam Schiff
Justin Sullivan/Getty Images/Getty Images North America

(VOR News) – According to a statement that was obtained by National Public Radio (NPR), Representative Adam Schiff, a Democrat from California, is urging that Vice President Joe Biden withdraw from his candidacy for re-election.

Adam Schiff’s request was received by NPR. When the comment was first reported, it was done so by The Los Angeles Times.

Schiff, who is currently running for Senate in California, issued a statement in which he encouraged Vice President Joe Biden to “pass the torch” and “secure his legacy of leadership” by allowing Democrats to have the opportunity to convincingly defeat Donald Trump.

Adam Schiff is currently running for Senate in California.

A statement by Adam Schiff to the media noted that “Joe Biden has been one of the most consequential presidents in our nation’s history, and his lifetime of service as a Senator, Vice President, and now as President has made our country a better place.”

Adam Schiff noted in his statement to the media. On the other hand, our nation is present at a critical crossroads at the moment.

If Donald Trump were to win a second term as president, the entire framework of our democracy would be thrown into disarray, and I have serious concerns about whether or not the President would be able to defeat Donald Trump in the upcoming election in November.

To this day, Adam Schiff is the most prominent Democrat who has advocated for Biden to resign from the campaign for vice president nomination.

The Biden campaign made reference to the events that Biden has been holding this week in response to a request for a statement from the campaign.

As part of his efforts to promote his candidacy, he is currently taking part in a meeting in Las Vegas with members of the Congressional Black and Hispanic caucuses.

Vice President Biden has declared on several occasions that he will not be withdrawing from the campaign and that he is certain that he is the most competent candidate to shepherd the party through the election. He has also stated that he is confident that he will serve as the party’s nominee.

Further, Adam Schiff stated that President Biden is fully responsible for making the decision, and that he will support the party’s nominee, regardless of who that may be.

In addition, Adam Schiff said he would not support any other candidate.

According to statements made by Vice President Biden over the course of the past few days, he has acknowledged that members of his party are continuing to question him.

“The story goes that [former President Harry] Truman said, if you want a friend in Washington, get a dog,” Vice President Joe Biden quipped during the annual convention of the National Association for the Advancement of Colored People (NAACP) in Las Vegas.

The NAACP is an organization that works to provide opportunities for people of color. “After the last couple of weeks, I know what he means.”

Schiff’s comment comes at a time when there is a renewed push from anxious Democrats for Biden to resign. Adam Schiff’s statement comes at a time when all of this is happening.

Due to the fact that President Trump was the target of an attempted assassination during a rally that took place on Saturday in Pennsylvania, the calls came to a temporary halt.

As a result of the seeming energy and confidence that Republicans displayed during the Republican National Convention, Democrats are growing increasingly anxious. This is despite the fact that that is the case. In addition, recent polls have demonstrated that support for Biden is exhibiting a downward trend.

In a virtual roll call vote that may take place several weeks before the Democratic National Committee’s convention, which will begin on August 19 in Chicago, the DNC is getting ready to officially name Biden the party’s nominee. The convention will take place in Chicago.

This preparation has resulted in an increase in the level of frustration that has been experienced over the past several days.

SOURCE: NPR

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Elon Musk Says He’s Moving SpaceX And X Out Of California

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spacex musk

Elon Musk has announced that he is relocating his firms out of California.

In two posts on X Tuesday, the billionaire announced that SpaceX’s headquarters will be relocated from Hawthorne, California, to Starbase, Texas, a business town under construction in the state’s south. He also said that social media platform X would be moving from San Francisco to Austin, Texas.

musk

Elon Musk | CNN

Elon Musk Says He’s Moving SpaceX And X Out Of California

Musk said the SAFETY Act, a bill signed by California Gov. Gavin Newsom that prohibits school districts from mandating instructors to notify parents if a child wishes to be labeled as a different gender, was “the final straw.”

“Because of this law and the many others that preceded it, attacking both families and companies, SpaceX will now move its HQ from Hawthorne, California, to Starbase, Texas,” Musk told X.

In 2022, one of Elon’s daughters asked a California court to accept her new name and gender, claiming she no longer wanted to be related to her famous and affluent father “in any way, shape or form.” Musk has faced criticism for several of his statements on X addressing gender identification issues.

In a follow-up tweet, Elonstated that he was tired of the violent criminality surrounding the building where X is located in San Francisco.

Elon Musk Says He’s Moving SpaceX And X Out Of California

Elon has been drawn to Texas for several years. SpaceX moved to relocate its corporate incorporation from Delaware to Texas in February following a Delaware state judge’s ruling that Elon’s 2018 Tesla pay package was exorbitant, siding with a shareholder who challenged it.

Elon announced 2021 that Tesla would relocate its headquarters from the Bay Area to Austin, Texas. In December 2020,Elon announced that he had relocated to Texas.

SOURCE | CNN

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European Union Court Says TikTok Owner Can’t Avoid Bloc’s Law Cracking Down On Digital Giants

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tiktok
Tiktok | AP

LONDON —ByteDance, the owner of TikTok, cannot evade the bloc’s assault on digital giants, according to a European Union court decision issued Wednesday. The video sharing platform falls under new legislation that also applies to Apple, Google, and Microsoft.

The EU’s General Court rejected ByteDance’s legal challenge to being classified as an online “gatekeeper” subject to additional requirements under the Digital Markets Act of the 27-nation union.

tiktok

Tiktok | PixaBay Image

European Union Court Says TikTok Owner Can’t Avoid Bloc’s Law Cracking Down On Digital Giants

The guideline, also known as the DMA, went into effect this year to counter Big Tech corporations’ dominance and make online competition more equitable by providing consumers with more choices.

TikTok has contended that it was not a gatekeeper but a new social media contender, taking on established giants such as Facebook and Instagram owner Meta.

However, the judges found that since 2018, TikTok had “succeeded in increasing its number of users very rapidly and exponentially” and “rapidly consolidated its position, and even strengthened that position over the following years.”

“We are disappointed with this decision,” the business wrote in a prepared statement. “TikTok is a challenger platform that provides important competition to incumbent players.” TikTok stated that it will assess its future steps and has already implemented efforts to comply with the DMA.

tiktok

Tiktok | AP

European Union Court Says TikTok Owner Can’t Avoid Bloc’s Law Cracking Down On Digital Giants

The Digital Markets Act went into effect in March. It is a list of dos and don’ts for big tech “gatekeeper” businesses that aims to offer users more options but threatens significant penalties if they do not comply.

The verdict can be appealed to the EU Court of Justice, the bloc’s highest court, but only on legal grounds.

SOURCE | AP

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