Why China’s ‘lending ceases’ is a symptom of a wider crisis

Trending 08/17/22, 17:47

Real estate has always been the engine of China's economic growth, and a wave of loan suspensions caused by unfinished buildings is hitting Chinese property developers and the country's real estate market hard. However, analysts pointed out that the real threat to China's economy is not the wave of loan ...

China’s large-scale testing reveals ‘horrific’ numbers

China 08/17/22, 16:59

On August 13, a discovery that mocked the "horror" of China's large-scale PCR tests went viral on the internet and attracted public attention. A netizen named "pkunetspy" posted on Weibo on August 13 that China has conducted more than 11.6 billion PCR tests and found only 230,000 infected people, which is ...

Hainan police and militia patrol 24 hours, Xiamen pandemic heats up

China 08/17/22, 16:05

The pandemic in China continues to spread. On August 15, 2,368 new local cases were reported, involving 19 centrally-run provinces and cities. There are 1,211 cases in Hainan, accounting for more than 50%. Hainan province has added more than 1,000 new cases for several consecutive days. On August 15, local officials ...

Red dragon burns in its own fire: China’s economy on the verge of collapse

Economy 08/17/22, 14:42

Apparently, the freezing of depositors' money in China worsened the severe mortgage crisis. Both events were part of a larger financial crisis that emerged after years of indebtedness, unproductive investments, and the systematic increase in real estate prices of unfinished projects. Henan province, with a population of about 100 million people, ...

Chinese power sockets cost 60 times more; what’s hidden inside?

China 08/16/22, 15:33

Recently, on an online shopping platform in mainland China, a merchant selling a 5-hole power socket for about $78 or 528 yuan has attracted police attention. The reason is that the price of an ordinary socket is less than $2 or 10 yuan, while the price of this socket is ...

Chinese housing bubble is bursting

Economy 08/16/22, 15:08

China's real estate prices have fallen and the debt crisis has intensified. According to the Bloomberg Intelligence index, the stock value and bonds of Chinese real estate companies have “evaporated” by $90 billion this year. The bubble is bursting, and its negative effects are spreading, endangering the Chinese economy and ...

Rare drought: Buddha statue exposed on dried up river, crop production at stake

China 08/16/22, 14:17

High temperatures and rare drought in southern China place crops at risk Hot weather and high temperatures continue across China, with temperatures in many provinces and cities breaking records, the highest since record-keeping began. Continuous high temperatures accompanied by drought have caused the Changjiang River to go dry even though ...

TikTok exposed: 300 employees also work for the CCP

China 08/15/22, 19:13

A Forbes report shows that 300 employees of ByteDance, the company that owns TikTok, also work as journalists for official Chinese Communist Party (CCP) media, leaving the social network, which for years has been accused of being used for espionage purposes by the Chinese communist regime, in check. The report reveals ...

Bad omen: India’s young prodigy warns CCP

Opinion 08/15/22, 17:18

The prophecies of Abhigya Anand, a young Indian, have caught the world's attention because of the coincidence of his predictions with current world events. The 16-year-old teenage astrologer, who made headlines for predicting in August 2019 that a virus (COVID) would attack the world, has announced that a more sinister energy ...

US – China tech war and shady stories related to China’s chips

Economy 08/15/22, 15:47

U.S. House Speaker Nancy Pelosi's meeting with Mark Liu, chairman of the Taiwan Semiconductor Manufacturing Corporation (TSMC) during her trip to Taiwan has not received much attention. This is said to be one of the causes of the current serious crisis between the United States and the Chinese Communist Party. According ...

Many of China’s high-speed trains are simultaneously delayed

Economy 08/15/22, 14:13

Caixin reported on August 13 that many domestic high-speed rail services in China experienced large-scale delays, causing chaos (for passengers) at many stations. The cause created a stir among netizens. A video posted on YouTube shows a train standing motionless on an overpass. A large screen at a station shows trains passing ...

Many Chinese banks ‘freeze cards,’ depositors don’t believe the bank

Economy 08/15/22, 13:20

https://www.epochtimes.com/gb/22/8/14/n13802243.htm Banks across China recently froze many depositors’ accounts, including bank cards in Shenzhen. Depositors are unable to withdraw cash, or transfer money via the online payment platform Alipay. A bank employee said that this is a measure taken by banks to cooperate with the "card freezing" operation by the ...

The Beidaihe meeting: Nearly 20 officials of the Zeng Qinghong faction exposed

China 08/14/22, 15:54

During a sensitive period, the CCP's annual conclave in Beidaihe, Hebei Province, China, the Jiangxi bureaucracy, home of the "big tiger" Zeng Qinghong, continuously fluctuated. Nearly 20 Jiangxi officials face charges that include embezzlement, bribery, and loan sharking. The expression in Chinese is they fell off their horses. Chinese media never ...

‘Early repayment’ is actually a trap set up by the CCP

Economy 08/13/22, 15:08

After a large number of unfinished buildings in China caused a wave of supply cuts. Big media in China has recently begun to discuss the "early repayment of loans and less interest." On this topic, some commentators pointed out that the housing price increase cannot outpace the interest rate, and ...