• China

More than 100 congressmen urge Biden to halt nuclear negotiations with Iran

Middle East 01/12/22, 17:35

More than 100 Republican members of Congress urged U.S. President Joe Biden to halt negotiations to renew the failed nuclear deal, arguing in a letter that continuing them "only further enables Iran's malign activities, including their aggressive nuclear pursuits." Although the Biden administration has been condescending to the Iranian regime, it ...

Largest artificial island development in China is ordered demolished

China 01/12/22, 16:07

Before its shares resumed trading on Jan. 4, China Evergrande Group said that the Danzhou City authorities had ordered it to get rid of all the 39 residential buildings it built on artificial Haihua Island—the world's largest flower-shaped artificial tourist island, according to The Epoch Times. Evergrande was ordered to repair ...

New Year troubles for CCP: Economic instability shakes political regime

China 01/12/22, 15:46

Officials of the Chinese Communist Party are spending the beginning of 2022 scratching their heads over the country’s ever-ceasing economic turmoil. The fragile economy will inevitably lead to political instability and undermine the party’s power. On January 5th, Han Wenxiu, an official from the Central Economic and Financial Affairs Office, published an ...

CCP increases military air drills in Taiwan’s air defense zone

China 01/12/22, 15:27

The number of Chinese military aircraft intruding Taiwan’s Air Defense Identification Zone (ADIZ) increased significantly last year, with more than 960 sorties, Japan-based Yomiuri Shimbun newspaper reported, citing Taiwan's Ministry of National Defense. From Sept. 16 to the end of December last year, 500 sorties were reported, compared to around 150 ...

Forbes: Data on COVID-19 deaths in China is unreliable, has little research value

China 01/12/22, 15:21

China’s data on COVID-19 epidemic deaths is extremely unreliable and lacks research value, Forbes said in an analysis article released on Jan. 6. According to the magazine, Japan, Korea, and Singapore are rich countries and have successfully implemented virus containment programs, but when it comes to COVID-19 mortality data, China's figures ...

Mainland China investors abandon mega tech stocks as CCP continues crackdown

China 01/11/22, 17:34

Chinese investors are fleeing from tech giants' stocks as the Chinese Communist Party (CCP) further tightens its grip on the technology industry, which is deeply damaging the country's already fragile economy, Bloomberg reported on Jan. 6. The news outlet paper noted that two tech giants, including the social media and gaming ...

China’s Evergrande seeks onshore bond payment delay

China 01/10/22, 04:51

China Evergrande will look for a six-month delay on a $157 million onshore bond payment. As Reuters reported, the world's most indebted developer has yet to miss on any onshore bond payments, which are more senior than offshore debt. At the end of a month-long grace period early last month, the ...

Thailand proposes military upgrade of F-35 fighter jets to deal with CCP

China 01/09/22, 03:44

Napadej Dhupatemiya, commander-in-chief of the Royal Thai Air Force, said that Thailand's military is considering buying eight F-35 stealth fighters from the United States to strengthen the country's defense capabilities. The commander said that its air force needs a new fleet of fighters as the F-5 and F-16 have been in ...

China urges state-owned builders to buy insolvent debts from real estate firms

China 01/08/22, 15:40

The Chinese Communist Party (CCP) will ease debt rules to facilitate state-owned property developers to buy up assets of indebted private peers facing a liquidity issue. According to Reuters, the Chinese authorities have urged state-owned builders to examine the assets of private firms experiencing liquidity problems as an increasing number of ...

Poll: 60% of Hong Kongers depressed, over 20% want to leave

China 01/08/22, 15:33

The National Security Law of the Chinese Communist Party (CCP) has further deprived Hong Kong people of their freedom of election, social gathering, and speech over the past year. As a result, a recent poll found that 58% of respondents said they no longer enjoyed life in the territory, while ...

Tencent fined in China for failing to report deals

China 01/08/22, 13:37

China's State Administration for Market Regulation (SAMR) penalized Tencent Holdings on Wednesday (Jan. 5) for failing to properly report its transactions. Late on Tuesday, Tencent reduced its stake in Sea Ltd, a tech giant of gaming and e-commerce in Singapore, which is considered the most valuable stock in Southeast Asia. With 14.5 ...