🇨🇳🥳📹 — Although many places across the Mainland China have issued notices that business districts will not hold New Year's Eve activities this year, it still cannot stop everyone's enthusiasm.

➡️ At this moment, Tianhong Shopping Mall on Zhongshan Road, Nanchang is crowded with people, and people gather here to celebrate the New Year.

🔗 李老师不是你老师 (@whyyoutouzhele)

🇨🇳 "The PLA were very busy last week.

Debuting and launching several major systems and platforms:
2 types of 6th gen fighters, the KJ-3000 next gen AEW&C, Type-076 amphibious assault carrier.

You might wonder how can China afford all these with 1/4 of the US military budget.
3 reasons:

💠If you go by nominal dollar terms, then yes, the Chinese defense budget is only 1/4 that of the US.

But if you use purchasing power of RMB in China, then that budget is over 1/3 of the US defense budget.

China's defense industry, other than importing raw materials, almost exclusively buy from domestic suppliers, which means purchasing power calculation is closer to the true spending.

💠China's military industry is subsidized and not for-profit. (profit is allowed, but not at the rate of commercialized deals)

There are 2 types of subsidies, one is direct credit from the central government, the other is the commercial arm of the military company earning profit, main examples are China's very profitable shipyards.

💠Most fascinating point.
China's military industry is supported by a massive civilian industrial sector.

Military-civil fusion is an initiative to utilize China's massive civilian sector for military use.

In recent years, the PLA has conducted a nation-wide thorough investigation into the civilian industries.

EVERY factory above certain scale were visited and catalogued. In war time, they will be given with specific tasks to support the war effort.

In our mantra, peace is just a temporary pause between wars. Hence in peacetime the civilian sector ensures affordable and immediate supply of components, albeit at a much smaller scale."

📎 Zhao DaShuai

🇵🇷❌⚡️ New Years blackout in Puerto Rico!

Luma Energy, responsible for managing Puerto Rico’s power grid, confirmed a massive outage just hours before New Year’s Eve festivities.

The blackout has left over 1.2 million of the island’s 1.47 million electricity customers without power. The cause of the outage remains undisclosed.

Puerto Rico has faced frequent grid failures in recent years, intensifying frustration among residents as the island struggles to modernize its aging power infrastructure.

@TabZLIVE