China’s Economy Is Deteriorating on Several Fronts

China has reported its first annual investment decline in 30 years, with economic data for November indicating deepening domestic issues. Retail sales have grown at their slowest pace in three years, and investment has sharply slowed, reflecting increased caution among consumers and businesses. This downturn comes despite a record trade surplus of $1.08 trillion, highlighting a significant gap between exports and imports.

Jimmy Lai, a prominent pro-democracy media mogul in Hong Kong, has been convicted in a high-profile national security trial for lobbying foreign governments to impose sanctions on Hong Kong and China. The trial, which was conducted without a jury, has raised serious concerns regarding judicial independence and media freedom in the region.

China Vanke's shares experienced a decline following the rejection of its debt extension proposal by bondholders, prompting the company to schedule a meeting on Thursday to discuss subsequent actions. This decision comes as Vanke seeks to delay repayment on a two billion yuan onshore bond due December 15.

German businesses and politicians are increasingly questioning the long-standing policy of unfettered free trade with China, marking a significant shift in sentiment after decades of reliance on Chinese manufacturing. This reconsideration comes as Germany seeks to reassess its economic ties amid rising concerns about China's growing dominance in global markets.

British astronaut Tim Peake has called for the United States and China to collaborate on lunar missions, advocating for a cooperative approach rather than escalating tensions reminiscent of a space race. He emphasizes the importance of unity in exploring the moon's potential for scientific advancement.

Supporters of media mogul Jimmy Lai gathered outside a Hong Kong court as the verdict in his national security trial approached. Lai, arrested in 2020 under a controversial national security law imposed by China, has faced serious charges including collusion and sedition. The trial has drawn significant attention due to its implications for freedom of expression in Hong Kong.

Hong Kong's last major opposition party, the Democratic Party, has officially disbanded following a vote by its members, succumbing to intense pressure from Chinese authorities amid a prolonged security crackdown on dissent in the city. This marks a significant moment in Hong Kong's political landscape, as the party has been a key player in advocating for democratic reforms since its establishment in 1994.

Chinese billionaire Xu Bo, reportedly having over 100 children, along with other wealthy elites, are utilizing surrogacy to establish large families in the U.S. This trend raises questions about citizenship laws as these individuals navigate the complexities of international surrogacy, relying on nannies, IVF, and specialized legal firms for assistance.