The Chinese market’s big hole: 99% of stock funds lose

Trending 11/09/22, 15:43

Foreign investors continued to be pessimistic about China's economic outlook, and international investors accelerated selling yuan-denominated bonds. The U.S.-China Chamber of Commerce said that investment confidence in U.S. companies in China has fallen to a record low. In addition, the European Union is planning to follow the example of the ...

China’s GDP growth is the Party’s new obsession

Trending 11/07/22, 19:09

The "zero-COVID" policy along with the real estate crisis, and restrictions from the United States and other countries, are hitting the Chinese economy hard. After the 20th Party Congress, the Chinese communist regime urgently needs to show positive economic growth results, however, it faces major obstacles. One of the most important ...

China’s JD.com founder gives up equity stakes

Economy 11/06/22, 21:00

Richard Liu , billionaire founder of China's second biggest online retailer JD.com Inc., recently gave his equity interests in two affiliated firms to the company’s top executives. According to a Sohu report on November 4, Liu officially transferred his 45% equity stakes in both Suqian Tianning and Xian ...

China’s venture funding falls sharply after clampdown

Economy 11/06/22, 20:22

China's venture capital (VC) investments this year have plunged significantly, making it the world's worst performer amid the brutal crackdown of the communist regime and the tech industry downturn. Using data from research firm Preqin, Bloomberg reported on November 3 that China's venture capital deal value through October plummeted to $62.1 ...

Current spotlight in China is on the wave of ‘fleeing’

Social problem 11/06/22, 15:23

A recent article on the Chinese website Nikkei suggested that "the world economy is approaching its darkest time," countries' difficulties could be more severe than the 2008 financial crisis. The U.S., China, and other emerging economies act to prop up a world economy facing disaster. At the same time, the ...

Experts: Xi wants to return to old policy, which could cause disaster

Trending 11/05/22, 16:20

The Supply and Marketing Cooperative, a ministerial-level unit under the CCP's State Council, was quietly restarted by the Xi Jinping in 2015, after more than 40 years of silence. At the 20th National Congress, Liang Huiling, director of the China Supply and Marketing Cooperative Alliance Council, was promoted as a ...

Evergrande chief’s mansion in Hong Kong seized by bank

Economy 11/04/22, 19:13

A mansion of China Evergrande Group's chairman in Hong Kong's prestigious The Peak neighborhood has been seized.  The report didn't say when the bank took over the 5,000-square-foot mansion, valued at almost $90 million. Last year, the property was expected to bring in almost $40 million dollars to pay off an overdue ...

China, Pakistan enter $10 billion railroad deal

Economy 11/04/22, 18:36

China and Pakistan on November 2 announced the beginning of a railway project under the China-Pakistan Economic Corridor (CPEC) that costs up to $9.85 billion. According to Bloomberg, Islamabad considers the infrastructure plan, termed Mainline-1 (ML-1), a project of strategic importance.  The project looks to renovate a 1,163-mile colonial-era route from Karachi ...

Xinjiang livestock allegedly isolated in grassless lands

Economy 11/04/22, 18:01

Recently, Kazakh herdsmen in Ili Kazakh Autonomous Prefecture (also known as Yili), Xinjiang, accused China's zero-COVID of leaving their livestock starving to death.  In the video, tens of thousands of camels, horses, and sheep, among other livestock, were forcibly isolated in grassless lands.  These poor animals kept whining. Meanwhile, some were even ...

‘A chill in my heart,’ police reportedly dispatched to Foxconn to control

Economy 11/04/22, 16:52

A recent COVID outbreak has made several staff working at Foxconn's factory in Zhengzhou, Henan province, flee the factory and return to their hometown. Special police were also reportedly dispatched to Foxconn for control. According to Chinese media Apollo, numerous Foxconn employees fled, and the police overnight detained the employees while ...

Bankrupt! Joint car venture joins the queue as sales plummet

Economy 11/02/22, 18:58

The joint venture between Stellantis and Chinese carmaker Guangzhou Automobile Group (GAC), will file for bankruptcy. In an announcement on October 31, Stellantis said services to customers in China will continue. GAC has also approved the bankruptcy filing, revealing that it has liabilities of approximately 111% of its assets, or 7.3 ...

Shanghai’s prestige landmark no longer a top seller

Economy 11/01/22, 20:02

According to mainland bloggers, more real estate owners are trying to sell their share in Shanghai’s highest residential building Shimao Riviera Garden.  The deluxe complex was completed in 2003 and is situated in Shanghai’s glitzy financial district, Lujiazui . It covers around 275,000 square meters of land and hosts ...