Opinion
Over 460,000 firms go out of business in China due to lockdowns: Expert
Under China's zero-Covid policy, there has been a wave of bankruptcies in many places. Zheng Yuhuang, a professor at Tsinghua University, revealed in a video that in the first half of this year, 460,000 companies in China went bankrupt. Over 3 million private businesses were shut down. Zheng Yuhuang added that ...
Experts comment on Taiwan’s Vice President visit to Japan
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 ...
China dissolves more rural banks, experts reveal behind the scene
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 ...
China’s triple crisis: Manufacturing, real estate and fiscal —expert says
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 ...
30 real estate companies to default with $1 trillion debt: expert
Beijing's comprehensive crackdown on the leverage of real estate has caused a large number of defaults among property developers. Some analysts warn that China's real estate debt crisis has just begun. As reported by Bloomberg on July 7, Charlene Chu, a senior analyst at Autonomous Research - a division of Sanford ...
US is holding ‘magic sword’ to punish China — Commentary
In 2007, the U.S. Army first used shells called Excalibur in the Iraq war. Charlotte Mountain, who served in the U.S. military for more than 10 years, said that these 155 mm GPS-guided artillery shells could change combat modes. This shell is named after the legendary sword that King Arthur wielded. ...
U.S. transport aircraft system can destroy the Chinese Navy in an hour, expert
Charlotte Mountain, who used to serve in the U.S. military for more than 10 years, was interviewed by E.T. She said the U.S. is using bulky, slow-moving transport planes to carry out strikes against enemy targets. Mountain said that this may sound far-fetched, but the U.S. is taking this new method ...
Human rights infamy undermines China’s international image, poll finds
The latest poll on an international scale has found that most have poor views of China. In that, the country's infamous treatment of human rights is the top source of concern. Nonpartisan think tank Pew Research Center on June 29 released new survey results about how people worldwide see China. Respondents ...
China might eliminate high-denomination banknotes, promoting digital yuan: Expert
According to Apollo News, a recent video from a noted Chinese finance expert has disclosed that China's central bank plans to eliminate high denomination banknotes by 2025. In footage circulated on social network platforms, Lu Dingjie, a Chinese finance expert, said the country's central bank has a timetable to eliminate large ...
Large shareholders announce to reduce holdings, Tencent shares face flash crash
According to Apollo News, the share of Chinese Internet giant Tencent Holdings abruptly dropped after two of its largest shareholders announced to reduce their stake holdings in the company. Within a minute in the afternoon of June 27, the market value instantly evaporated over 22 billion dollars. In the morning, Tencent shares ...
Beijing in hopeless situation says famous Chinese actress
As China maintains its 'zero COVID' policy for handling outbreaks, it has continuously put several areas or cities under lockdown. This has caused a significant impact on people's livelihood as well as China's economy. Hao Lei is a 43-year-old well-known Chinese actress. She once won a Golden Horse Award winner for ...
CCP referendum, observer says this is democracy in disguise
From April 15 to May 16, the Chinese regime conducted an online opinion poll on matters related to the CCP’s 20th National Congress of Deputies, reported ET. The media said it was a directive of the Chinese Communist Party’s (CCP) leader Xi Jinping. The CCP media said on June 26 that ...
Many American Chinese line up to ask for refund of deposit; Many people become wanderers in Macau
1. Netizens comment on bank treatment of depositors While Chinese people are concerned about trouble with withdrawals at Henan Bank, footage from May has sparked a discussion. The video posted on Weibo on June 25 shows many American Chinese lined up in front of the Chase Bank to ask for a refund ...
8 million netizens gave their opinion in response to CCP request: A pointless exercise
On June 26, the online consultation activities carried out under an order from Xi Jinping received millions of opinions from the people. However, experts said the referendum was simply a show play, and the CCP would ignore it. Previously in February, Xi gave instructions to gather and study citizens’ opinions and ...
Shanghai claims a win in the battle against the epidemic; citizens think differently
LiQiang, secretary of the Shanghai Municipal Party Committee, on June 25, announced at the congress that Shanghai had achieved a dynamic social reset and won the battle to defend the greater Shanghai from the epidemic. But local citizens believe that the authorities are covering up the truth. A Shanghai resident from ...
Bank deposits are frozen, Japan media official says China runs out of cash
Recently, a lot of Chinese commercial banks have been displaying their own capital problems after depositors faced difficulties in withdrawing money from many rural and urban banks. The issues of frozen deposits have been found at lenders in Henan, Shanghai, Shenzhen, Liaoning and other places, triggering social protests. In this regard, Yaita ...
China state-controlled TV said the US is renovating an airport to deal with China
According to Apollo News, Chinese state media CCTV reported that the U.S. military renovated the North Field Airport as a backup airport for Anderson Air Force Base in Guam. CCTV said that this U.S activity is basically to deal with China. Guam is a U.S. territory located some 1,800 miles from ...
CCP infighting: Expert says corruption is an excuse to purge political foes
A handful of Chinese officials have been purged recently as the infighting within the communist party (CCP) is getting fiercer ahead of its 20th National Congress. According to an independent news outlet, infighting has occurred between the incumbent President Xi Jinping's factions and his opponents, particularly those loyal to former leader ...
China’s Belt and Road Initiative will eventually fail: Expert
Commenting on the fate of China's Belt and Road Initiative, current affairs commentator Wang He told Chinese media Da Ji Yuan on June 17 that the Belt and Road Initiative project would eventually fail. Wang gave three reasons to support his statement. First, China's Belt and Road Initiative causes many problems ...
Chinese regime wants to steal two key oceans: Expert
Before the world could realize it, China has expanded its influence over the two most critical oceans globally, the Indian and the Pacific. As researcher and essayist John Mac Ghlionn stated in a column for Chinese media Da Ji Yuan, China has “stole[n] two of the world’s most important oceans.” Like ...
