‘Stabilize the stock market’: CCP directs no large-scale trading

Trending 10/01/22, 16:38

The 20th National Congress of the CCP is approaching, and Chinese authorities have stepped up social controls in an effort to ensure "stability" before the congress. According to foreign media, regulators have privately told brokers and fund managers that they are not allowed to buy and sell stocks in large ...

Employment difficulty: Young Chinese have to pay to work

Social problem 10/01/22, 16:32

Official data shows that the unemployment rate for Chinese youth in July, especially those aged 16 to 24, hit 19.9%, the highest on record. Recently, there was a rumor that if you want to work at Hunan Television, you must pay a fee. In this regard, some netizens complained, "The ...

The Chinese Communist Party revives old methods of Mao Zedong

Human Rights 10/01/22, 15:46

In the run-up to the 20th National Congress of the Chinese Communist Party (CCP), to be held in Beijing on October 16, violence against citizens has been supported by the new Penal Code. The new law allows the impunity of the uniformed, the elimination of habeas corpus, expulsion from workplaces ...

Facebook removes fake accounts created by the CCP to influence US politics

Media 10/01/22, 13:25

Meta, the parent company of the popular social network Facebook issued a notice on Tuesday, September 27, announcing that it had removed "inauthentic" accounts based in China. They were intended to influence other users regarding U.S. policy issues. According to the report the "influence operation" also appeared on other social networks ...

China’s currency crisis: regime urges banks to sell dollars, buy yuan

Trending 10/01/22, 12:55

In view of the deep fall of the yuan, the People's Bank of China has reportedly told the country's main state-owned banks to prepare to get rid of their dollar holdings and exchange them for offshore yuan. Official sources informed Reuters that the communist regime's banking authorities have taken the decision ...

U.S. fines Deloitte’s Chinese affiliate $20 million for violating audit regulations

China 10/01/22, 11:49

The U.S. securities regulator has imposed a fine on a subsidiary of Deloitte in China with allegations of violating audit regulations. Deloitte is one of the "Big Four" accounting companies worldwide. According to Reuters, the U.S. Securities and Exchange Commission on September 29 ruled that Deloitte's Chinese subsidiary allowed some Chinese corporate ...

Global survey: Advanced economies hold strong negative views toward China

Insights 10/01/22, 11:42

According to a survey from Pew Research Center, global public opinion from advanced economies toward the Chinese Communist Party under Xi Jinping has turned "precipitously more negative". The survey states, "A large majority of Americans see China unfavorably amid concerns about China's policies on human rights, its partnership with Russia, and ...

Xi Jinping squashes rumors as he attends Martyrs’ Day event

Insights 10/01/22, 11:22

Chinese leader Xi Jinping attended a public event on the morning of September 30, further extinguishing rumors about a military coup that attempted to challenge his political power. According to state-media CGTN, 69-year-old Xi was at the wreath-laying ceremony at Tiananmen Square in Beijing. The ceremony commemorated Martyrs' Day, which comes ...

China’s cross-border hunt goes wild

Social problem 10/01/22, 10:54

Beijing is expanding its police-led overseas service stations worldwide. These service centers look like they help Chinese people living abroad with many things, but they work closely with the mainland Chinese police. These stations are dubbed informally as "Fox Hunting," They aim to find Chinese people who have crossed borders ...

China manufacturing activity struggles in September amid strict Covid lockdowns

Economy 10/01/22, 10:51

According to a Reuters poll released on Thursday, September 29, China's factory activity has decreased for the third consecutive month as Beijing's harsh Covid-controlled measures hit many areas of the economy.  A forecast from 26 economists polled by Reuters showed that China's official manufacturing Purchasing Manager's Index (PMI) was projected at ...

China’s local governments see fiscal revenue down rapidly

Economy 10/01/22, 10:49

Local authorities in China have been facing considerable financial gaps for various reasons, such as the COVID pandemic, tax refunds, and poor land sales. A recent article on Caixin Weekly stated that the downward pressure on China’s economy has increased since this year. It analyzed the situation and reasons for the ...