• Business

Shenzhen official buys multiple properties through fake divorce

Corruption 09/07/22, 17:43

Sun Mou, a deputy director-level official in Shenzhen, is reported to have purchased multiple properties through a fake divorce. He was suspected of taking advantage of his position to transfer house purchase indicators to earn extra income, intervene in case handling, etc. On Aug. 28, the topics "Three times in the ...

Is Beijing trying to bring China back to the planned economy?

Trending 09/07/22, 16:35

From January to July, of the top 10 real estate companies purchasing land in major cities in China, 80% were state-owned enterprises. The same trend is also occurring in other industries. A typical example is the steel industry. Analysts believe this is not only a sign of “the public sector ...

US bans exports of computer chips used for AI in China

Weapon/Army 09/06/22, 16:07

The U.S. government ordered two of its leading Artificial Intelligence (AI) chip manufacturers to stop selling part of their products to the Chinese regime. On Aug. 31, AMD and NVIDIA reported receiving orders from the U.S. executive to stop exporting chips to China. The ban affects NVIDIA's A100, NVIDIA's H100, and AMD's ...

Experts identify the meaning behind Huawei CEO’s internal memo

Trending 09/06/22, 15:00

According to a report by Chinese media NetEase, Huawei's CEO Ren Zhengfei recently warned that Huawei should change its business thinking and policies and "take survival as the main credo" to ensure that it can weather the crisis over the next three years. Ren's admission caused heated discussions on the ...

Experts: Pull Your Money Out of China Immediately

Trending 09/06/22, 13:48

Hedge fund manager Kyle Bass warned that anyone holding any investments in China should take them out immediately, or they could risk losing everything. Bass, founder and chief investment officer of Hayman Capital Management, said, “Not only is the Chinese economy in a precarious position, if its increasingly aggressive stance toward ...

Chengdu China’s megacity locks down: more trouble for economy

Trending 09/04/22, 12:56

On September 1, Chengdu, Sichuan, China was suddenly locked down. The incident has not only damaged local business and people's ability to move about, but also affected country sentiment. Experts say China's economy could be more adversely affected. According to Chengdu's official announcement, the city of 21 million has been ordered ...

US investigates Binance CEO Changpeng Zhao for money laundering

China 09/02/22, 16:46

One of China's richest men is being investigated by the U.S. Department of Justice for money laundering. Changpeng Zhao, founder and owner of Binance, one of the largest cryptocurrency exchanges in the world, must submit financial information about some transactions involved in money laundering. With the rapid growth of new blockchain ...

The Chinese economy’s grave

Trending 09/02/22, 15:37

Many observers commented that, when the real estate sector collapses, China's economy will follow suit. Why? Unlike other economies, real estate plays an extremely large role in the CCP's budget revenues, expenditures, and financial security. Real estate contributes more than one-quarter of the country's GDP. The problem is, this structure has ...

Is China deliberately knocking down the yuan?

Economy 08/29/22, 15:16

The woes of the Chinese economy such as the real estate bubble and public debt  are increasingly revealed by the COVID-19 pandemic, making the CCP "thirsty" for cash. Observers think it is possible that the CCP deliberately crashed the yuan, but specifically for what purpose? To enhance the picture of "economic ...