Debt crisis spreads to China’s largest property developer

Economy 01/17/22, 22:57

Country Garden Holdings, China's top developer by sales in 2021, has finally felt the impacts of the debt crisis in the country's real estate market. According to Bloomberg, some Country Garden dollar bonds hit record lows after a report of the failed debt deal. Longer-dated bonds were trading as low as 69 cents ...

Insiders reveal Trump-Xi meeting before trade war started

China 01/17/22, 16:51

In 2017, then-President Donald Trump visited China, meeting Chinese leader Xi Jinping for the second time after Xi went to the United States earlier. After the visit, the U.S.–China trade war began, according to Creaders. When Trump arrived in Beijing in November 2017, Xi welcomed him ceremoniously, organizing a banquet for ...

China records its lowest birth rate for 60 years

Insights 01/17/22, 15:40

Despite the policies of the Chinese regime to increase the birth rate of the population in China, the latest count during the past year turned out to be the lowest for the last 60 years, according to official data.  In this sense, the chief economist of Pinpoint Asset management, Zhiwei Zhang, ...

Chinese officials reveal Beijing faces serious shortage of electricity

China 01/17/22, 00:12

The State Grid Corporation of China chairman Wang Xinwei revealed that Beijing's power supply is at a critical level, Apollo News Network reported. Wang disclosed the power supply situation on Jan. 14 in a proposal for the company's two sessions in 2022 in the "State Grid News." According to the chairman, Beijing's ...

German businesses to leave China due to supply chain disruptions

China 01/16/22, 23:12

German companies plan to withdraw from China as Beijing's extreme zero-Covid policy is disrupting the global supply chain. Ma Mingbo, the chief representative of the German Chamber of Commerce in Shanghai, said that Chinese authorities disrupted its supply chain by banning flights and closing the city, so German businesses are restructuring ...

US lawmakers propose bill to end reliance on China for rare-earth minerals

China 01/16/22, 22:36

Bipartisan senators on Jan. 14 introduced a bill aiming to force defense contractors to end the use of rare earth minerals sourced from China by 2026. According to Reuters, the bill was co-sponsored by Republican Sen. Tom Cotton of Arkansas and Democratic Sen. Mark Kelly of Arizona.  If passed, the legislation would ...

China: Six super-rich real state families lose US$39 billion

China 01/15/22, 18:15

Six super-wealthy families in China's real estate sector have seen unexpected declines in their assets as the shares they hold fell sharply. China Business News pointed out that six large real estate families have the highest total assets in the industry. They are included in the top 50 of the Hurun ...

Denmark raises alarm of espionage threat from China, Russia and Iran

China 01/15/22, 18:09

Denmark warned on Thursday, Jan. 13, that espionage threats from countries including China, Russia, and Iran are rising.  Anders Henriksen, head of the counterintelligence agency at the Danish Security and Intelligence Service especially highlighted China, saying the country had made enormous efforts to gain access to Denmark's cutting-edge technology and knowledge, ...

Denmark joins diplomatic boycott of Chinese regime’s ‘Olympics of genocide’

China 01/15/22, 15:14

Denmark became the ninth country to express its rejection of the countless human rights violations perpetrated by the Chinese Communist Party (CCP). Therefore, it will not send diplomatic representation to the Beijing 2022 Winter Games, also called the "Genocide Olympics." In this regard, Foreign Minister Jeppe Kofod emphasized, "It is no ...

Pompeo warns Olympic athletes of ‘nastiest’ Chinese regime surveillance

China 01/13/22, 18:28

Former Secretary of State Mike Pompeo warned athletes who will compete in what has been dubbed the "Genocide Olympics" to be held in Beijing, China, next month about the nasty surveillance system they will be subjected to by the Chinese Communist Party (CCP).  Based on experience, Pompeo describes some deprivations to ...

UK: British spy service warns of undercover CCP agent inside Parliament

China 01/13/22, 17:20

Britain's MI5 domestic spy service warned about a Chinese agent "engaged in political interference activities" in the United Kingdom on behalf of the Chinese Communist Party (CCP). House of Commons Speaker Lindsay Hoyle sent an email to MPs on Thursday alerting them to a woman named Christine Lee. Lee was "interacting ...

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 ...