China

Economy 09/26/22, 10:43

Qiu Yafu, chairman and owner of the Shandong-based company Shandong Ruyi, has invested more than $3 billion (about 20 billion yuan) in the acquisition of luxury garment companies from Paris to London, including French fashion brands Sandro and Maje, British trenchcoat brand Aquascutum, and Lycra manufacturers. His dream was to ...

Insights 09/26/22, 10:38

Due to the return of the pandemic, many cities in China where the outbreak occurred postponed the fall semester opening. A few days ago, Liaoning provincial education authorities required all students from 114 colleges and universities to return to school by October 1. The urgent notice after such an extended closure ...

Education 09/26/22, 10:36

Recently, in a cave on a cliff in Luzhou, Sichuan, people found traces of mysterious people living there. It caused a stir among netizens, and many conjectures about the possible occupants have been made. One video shows two small solar panels in the cave, a simple bed, a hanger, kiwi fruit, ...

Morality 09/26/22, 10:33

He once fiercely fought against corruption, but now China's former justice minister, Fu Zhenghua , has been sentenced to life in prison for accepting bribes and bending laws for personal gain.  The 67-year-old received sentencing on September 22, which was mitigated from a 2-year-suspended death penalty. However, he will serve his ...

Economy 09/26/22, 10:31

China's strict "zero-COVID" policy forced many foreigners to leave, and even more are reluctant to work there. As a result, foreign companies, embassies, and consulates in China find it difficult to recruit people. Since March 2020, China's borders have been closed to most foreigners, and flights to China are still scarce ...

Economy 09/26/22, 00:57

According to a Bloomberg note on September 22, Goldman Sachs slashed its previous projection for China’s economic growth next year from 5.3% to 4.5%. The prediction of 3% expansion this year is unchanged.  Goldman’s economists, led by Hui Shan, anticipate that the communist regime will continue to sustain its draconian “zero-COVID” ...

Social problem 09/26/22, 00:55

While much of the world tries to live with COVID, China still sticks to its 'zero-COVID' policy to eliminate the virus. In China, lockdowns, including those of entire cities, have nearly become commonplace. Up to now, Lhasa, the capital of Tibet, has been placed under lockdown for more than one ...

China 09/26/22, 00:46

During the congressional hearing on Wednesday, U.S. bank’ CEOs said they would follow what the government demands of them in the event of a Taiwan invasion by Chinese forces.  Executives of Bank of America, Citigroup, JPMorgan Chase, and regional banks attended a hearing at the U.S. House Committee on Financial Services. ...

Economy 09/26/22, 00:44

The Wall Street Journal reported on September 20 that Chinese investors who once acquired American hotels, and office buildings had sold a net $23.6 billion of U.S. commercial real estate in recent years. And they are currently running for the exits. According to data provider MSCI Real Assets, Chinese corporations have ...

Social problem 09/26/22, 00:41

Due to the impact of the new pandemic wave, China’s youth unemployment rate has reached new heights several times this year. It also halted economic growth and brought about construction company defaults and bank protests. According to the latest announcement by the Statistics Bureau, the youth unemployment rate in China was above ...

Disasters 09/26/22, 00:38

Recently, many students of Shenzhen Southern University of Science and Technology (SUSTech) reported that they ate foreign objects such as batteries, cigarette butts, earthworms, cockroaches, etc., in the school cafeteria many times, which aroused the attention of the whole network. On June 5, Southern University of Science and Technology students voluntarily ...

Social problem 09/26/22, 00:33

According to NBC News, on Sunday, September 18, a bus from the southwestern city of Guiyang crashed while transporting people to a COVID quarantine site. At least 27 people died as a result of the accident.  As seen by photos posted on Chinese social media, the gold-colored passenger bus sustained significant ...

Economy 09/26/22, 00:31

The Chinese Communist Party (CCP)’s “zero-COVID” policy, based on lockdown, caused many airline flights to be canceled. Thus the airlines continuously lost money.  According to NTD, in the first half of this year, eight Chinese airlines lost nearly $10 billion (70 billion yuan) or almost $54 million (380 million yuan) per ...

Social problem 09/26/22, 00:30

Recently, the story of a master's graduate who works as a shipper has aroused public concern about the actual situation. Thousands of bachelor's and master's graduates have chosen the delivery profession instead of working in companies and factories in China. He Cheng, a 27-year-old master's graduate of the Chinese Academy of ...

Economy 09/26/22, 00:25

The Chinese regime has strongly intervened and requires real estate developers to ensure progress. However, many developers are just pretending. As a result, progress has been slow on many construction sites. Since July, homebuyer protests have taken place across the country and are expanding. In addition, wider mortgage boycotts have added ...

Insights 09/26/22, 00:24

According to Forbes magazine, many U.S. leaders in TikTok are leaving because of the Los Angeles-based company’s increased ties to its parent firm ByteDance. Interviews with former employees divulged that TikTok may put U.S. nationals into top positions, but eventually, it will find a way to divert the power back to ...

Disasters 09/26/22, 00:23

Severe drought has not yet let go of China. It continues in provinces including Hunan, Anhui, and Chongqing. This aggravates the difficulties the Chinese Communist Party (CCP) has with people more dissatisfied with the government as they suffer wave after wave of long-term lockdowns and a declining economy. In Chongqing, the Daxi ...

Economy 09/25/22, 22:49

Since last summer, the communist regime began its crackdown on China’s real estate market to restrain home speculation and debt-distressed private developers. As a result, several major private firms in the industry, including real estate giants Evergrande and Kaisa, defaulted on bonds and loans and stopped announcing earnings and monthly ...

Economy 09/25/22, 22:47

According to Asia Development Bank’s (ADB’s) new report published on September 21, the rest of the developing Asian countries have surpassed China after 30 years. The data predicted zero-COVID policy is the cause of the economic decline, and food and energy cost has pushed up high inflation. The People Republic of ...

Social problem 09/25/22, 22:43

The Zero-COVID policy imposed by the CCP has led to many tragedies and farces. According to a video posted online, Guiyang residents who reported to the police about someone avoiding the COVID testing were arrested for "affecting pandemic-free communities." Several videos were posted on the internet a few days ago that ...