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Time Is Money

Oct 2, 2023 • 4 min read

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China's Property Market Crisis
iPhone 15 Overheating Issue

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China's Property Market Crisis:

Beijing is facing mounting pressure to address its faltering property market, highlighted by the ongoing troubles of the debt-laden China Evergrande Group. Recent investigations reveal potential asset transfers by Hui Ka Yan, the billionaire founder of Evergrande, during the company's financial distress. While Evergrande confirmed an investigation into its founder, it provided little detail.
Evergrande's challenges are symptomatic of larger issues within China's property market. Concerned investors and economists are urging Beijing for a more unified and aggressive approach to stabilize the market. Historically, China's property market has been a significant economic driver, contributing up to a quarter of the nation's GDP.
China's economic rise in the property sector was driven by an aggressive push for urbanization and an investment-heavy growth model. However, the drive for quick growth led to unsustainable debt accumulation and ghost cities—vast urban areas built with few inhabitants. These decisions, coupled with lax regulatory oversight, set the stage for the current economic challenges in the housing market.
The property sector, once a robust pillar of China's economic might, now threatens to undermine decades of growth and jeopardize its standing in global economic dynamics. The fallout from this crisis is not only shaping China's economic narrative but is also straining its economic relations with global partners. If not addressed with urgency and precision, the ramifications could destabilize China's economy and have global effects.

iPhone 15 Overheating Issue:

Apple has acknowledged that its iPhone 15 models have been overheating, attributing the issue to a software bug in iOS17 and problems with popular apps like Instagram and Uber. Apple mentioned it's developing an update for iOS17 to address the overheating problem.
Apple hasn't given a specific timeline for its software fix but assures users that the iPhone 15 is safe to use in the meantime. Recent media reports and online forums have highlighted the overheating complaints. The Wall Street Journal also noted the issue in their tests of the recently launched iPhones.
It's not uncommon for new iPhones to get warm, especially during initial setup or heavy gaming. However, the overheating concerns with iPhone 15 have surpassed normal circumstances. Apple clarified that the problem is not related to the titanium casing of its high-end models or the switch from its Lightning charging cable to the USB-C port.

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