China

Economy 07/15/22, 03:01

Desperate to rescue the housing market, Chinese authorities have devised many strange ideas. From giving discounts to accepting garlic as a downpayment, they recently issued bulk buying houses.  Since June, many places in Shanxi, Guangdong, Liaoning, Anhui, and Hubei have implemented policies related to group buying. The government encourages agencies, state-owned ...

Anomalies 07/15/22, 02:59

As scorching heatwave advances in multiple places across China, Shanghai on July 13 was seared under a rare temperature height barely observed over the past century. China Weather Network reported that the temperature for Xujiahui Station in Shanghai reached 40.9 degrees celsius as of 2:30 p.m. on July 13. The corresponding ...

Opinion 07/15/22, 02:55

Former Prime Minister Abe was assassinated at noon on July 8 and died a few hours later. On July 11, Taiwan's Vice President, Lai Ching-te, went to Tokyo to offer condolences.  Lai became the highest-ranking Taiwanese serving official visiting Japan in 37 years. Shinzo Abe was said to be a hardliner on ...

Human Rights 07/15/22, 02:53

Recently, “passports cut” has been circulating on social platforms; however, some border inspection agencies have refuted the rumors. On July 10, a Twitter user “Gao Jian” @gaojian2010 posted a picture of a passport with a corner cut off by border guards. He left a caption saying that customs do not cut ...

Economy 07/15/22, 02:51

China's real estate crisis is accelerating as developers across the country delay delivering houses to buyers. But the crisis’s exposure is linked to the banking system as many home buyers are refusing to pay their home mortgages. As Bloomberg reported, Citigroup analysts released a research report on July 13. They revealed ...

Economy 07/15/22, 02:50

China Banking and Insurance Regulatory Commission, Henan office announced their advance payment plan on July 11 to quell public discontent. However, there are still 5 doubts about the incident that have not been revealed. In the announcement, Henan authorities stated the first payment would start on July 15 for customers of ...

Opinion 07/15/22, 02:48

According to Da Ji Yuan interview, small and medium rural banks face various pressures. Apart from dissolution, Chinese regulators also issued merger orders for many banks. Experts claimed the act was to cover their operation's failure. The Hebei Banking and Insurance Regulatory Bureau disbanded Wuqiang Jiayin and Fucheng Jiayin Rural banks ...

Disasters 07/15/22, 02:44

On July 12, heavy rainfall occurred in Pingwu County, Mianyang City, Sichuan Province, causing flash floods and mudslides.  Video on the media showed that the fast-flowing flood water flooded the house, and trapped people had to reach higher floors to wait for rescue. The flood affected three villages: National Village, Heping Village, ...

Tech 07/15/22, 02:42

Taiwan’s Foxconn Industrial Internet (FII) is injecting over $1.45 billion into China’s debt-laden semiconductor giant Tsinghua Unigroup. Considering the current cross-strait crisis, it’s an unusual move. FII is an affiliate of the famed Taiwanese foundry giant Hon Hai Group, a key Apple supplier globally.  Tsinghua Unigroup is a large conglomerate established by ...

Human Rights 07/15/22, 02:39

The Swedish China Center found that since 2016, Chinese consumers' boycotting of foreign brands has increased by more than six times in the past eight years. The boycott peaked in 2019 when the U.S.-China trade war began. Regarding China's territorial sovereignty, such as the anti-epidemic activities in Taiwan, Tibet, or Hong ...

China 07/15/22, 02:34

Shanghai citizens suffer uncountable rounds of tests and isolation as a result of the ongoing and endless Chinese Zero-Covid policy. On July 13, 2022, the Shanghai Health Commission reported five local Covid cases, six imported cases, 42 local asymptomatic infections, and seven imported asymptomatic infections. In addition, close contacts of 48 ...

Economy 07/15/22, 02:32

According to Sound of Hope, China's real estate market continues in a severe recession. Real estate developers fail to deliver houses on time, and many customers default on their mortgages. The customers' decision not only results in the developer not having the capital to complete the project but also makes the ...

Opinion 07/15/22, 02:28

China's economy is struggling to recover after prolonged Covid lockdowns that hit major sectors.   Xie Tian, a professor at the Aiken School of Business at the University of South Carolina, told VOA that China is facing three major crises: manufacturing contraction due to the Covid control policy, financial distress, and real ...

Economy 07/15/22, 02:26

The suspension of a real estate project in Henan province by a development giant is sparking frustration among investors who are also given red codes similar to the local banks’ depositors. According to Chinese media, Sunac China Holdings, one of the country's biggest property developers, construction has almost ground to a ...

Economy 07/15/22, 02:23

After a lengthy period of lockdowns and strict enforcement of the "zero covid" policy in many provinces and cities, the property market has frozen in China. Besides, the wages in many places have decreased, another indicator showing the Chinese economy has fallen into crisis. According to Bloomberg, the Citigroup analysis team ...

Insights 07/14/22, 17:22

Tianjin obliges nucleic acid testing. 123 citizens warned for not testing Within eight days, seven cities in China, including three major cities, Beijing, Shanghai, and Tianjin, reported a highly infectious mutant strain of Omicron BA.5. The Chinese regime continues to increase pressure for compulsory nucleic acid testing or PCR. Sina reported that on July 6, a ...

Japan 07/14/22, 16:57

Despite the assassination of former Japanese Prime Minister Shinzo Abe on July 8, the Japanese parliamentary election on July 11 resulted in the big victory of the "Constitutional Amendment" introduced by the political party that Abe supported.  Regarding this, Chinese Foreign Ministry spokesman Zhao Lijian retweeted an editorial by The Global ...

News 07/14/22, 16:45

The COVID-19 outbreak in Shanghai has recently accelerated, with dozens of local positive cases being found daily. High-risk zones have reached 211 locations in 14 counties. On July 11, two neighborhood groups suggested that residents "save food and essentials for around 14 days," generating widespread concern. According to Xiao Xiao Morning News, ...

Disasters 07/14/22, 16:33

Mainland China has been affected by the recent heat wave and increasingly higher temperatures. On July 11, a male news presenter in Suzhou suddenly had a nosebleed while broadcasting the evening news. According to Chinese media Sohu, after the broadcast, the news anchor explained that his body temperature had risen too ...

Social problem 07/14/22, 14:59

Two months ago, on Chinese social media, rumors spread about Chinese citizens having their passports canceled or revoked for no apparent reason when entering the country or their green cards cut off when trying to leave the country. Beijing Youth Daily said on May 13, Beijing Immigration Border Check Station, Shanghai Immigration Border Check ...